Friday, October 16, 2026

Technicals

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USD/CAD sees scope to 1.28 if Canada data below forecast

CAD could fall if Canada data weaker than expected at 1230GMT Feb CPI consensus +0.7% m/m, +1.0% y/y. Core CPI consensus +0.5% m/m, +2.1% y/y Retail sales consensus -0.7% in Jan to follow 2.0% fall in Dec Soft Canada dat…

By Ian Preston
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • CAD could fall if Canada data weaker than expected at 1230GMT

  • Feb CPI consensus +0.7% m/m, +1.0% y/y. Core CPI consensus +0.5% m/m, +2.1% y/y

  • Retail sales consensus -0.7% in Jan to follow 2.0% fall in Dec

  • Soft Canada data will boost doves advocating BoC rate cut Apr 15

  • Bull targets seen at 1.2757 and further at 1.28

 

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By FxWirePro Team