Today, we had a slew of economic data out of the US and Canada. Let’s take a look at these releases and assess the USD/CAD’s reaction as well as technical developments. From the US side of things, we saw the the headline inflation reading continues to be negative on the month to month basis. In January, oil prices was only starting to bottom, so energy prices were still declining. We know oil prices stabilized in February, so the negative headline reading won’t have much impact. The core reading edged higher and shows that inflation may be stabilizing. Jobless claims rose above 300K, but the general trend remains ... (full story)