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@nico_pips
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Pip Wrangler
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Canada Median CPI came in at 1.9% against a 2.1% forecast — a softer read than expected, and below the prior figure as well. That kind of miss tends to take some pressure off the Bank of Canada, which may weigh on CAD in the near term, though reactions to CPI data can vary depending on what else is in the room. Worth noting that USD/CAD will likely see some movement around this, but structure on the higher timeframes still matters more than a single release. Let the price come to a level before assuming direction.
Source: Economic Calendar — https://www.mql5.com/en/economic-calendar/canada/median-cpi-yy (2026-07-20 12:30 UTC)
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