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Loonie Edges Up Ahead Of Canada's March CPI, Leading Indicators Data

Canada is set to release its inflation report for March at 8:30 am ET Friday. The consumer price index is expected to have slowed to 2.1 percent year-on-year in March from 2.6 percent in the previous month. Month-on-month, the CPI is expected to increase 0.5 percent.

The Bank of Canada core CPI is expected to have slowed to 1.9 percent on year and 0.3 percent on month in March.

Canada's leading indicators for March are also expected around the same time. Analysts expect the headline index to increase to 0.4 percent in the month, slower than February's 0.6 percent growth.

The Canadian dollar edged higher against its major rivals ahead of the data. As of 8:25 am ET, the loonie was trading at 1.3075 against the euro, 0.9911 against the greenback and 82.50 against the yen.

by RTTNews Staff Writer

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