Loonie Steady Ahead Of Canada's CPI, Wholesale Trade Data

08:26, 21st September 2012

(RTTNews) - Canada is set to release its consumer price index for August and the wholesale sales data for July at 8:30 am ET.

The Canadian inflation is expected to have remained unchanged from July at 1.3 percent on year-over-year basis. Month-on-month basis, the inflation is seen climbing to 0.3 percent from previous month's deflation rate Bank of Canada core CPI is predicted to have slowed to 1.6 percent in August from 1.7 percent recorded in the previous month.

Wholesale sales are predicted to fall to 0.2 percent in July compared to a 0.1 percent drop in the previous month.

The Canadian dollar held steady against its major rivals ahead of these key data. As of 8:25 am ET, the loonie was trading at 0.9745 against the greenback, 1.2665 against the euro and 80.27 against the yen.