CAD gets a mild tailwind from narrower spreads after CPI to press gains on USD – Scotiabank

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  Posted by Two Blokes May 21 - Filed in Forex - 3 views
  
  Yesterday's hotter than expected April CPI data served to dampen expectations of a June BoC rate cut, putting some moderate, downward pressure on US/Canada interest rate spreads, Scotiabank's Chief FX Strategist Shaun Osborne notes.