CAD traders will be placing close eye on the latest inflation data at 1330GMT, where it is expected for the headline reading to show a sizeable drop to 1.8% from 2.4%. Given the drop-in plunge in oil prices since the beginning of Q4, this is not entirely surprising. Alongside this, the BoC had also alluded to weaker inflation in the foreseeable future after stating that the inflation rate should ease by more than the bank had forecast. However, while softer headline inflation can weigh on the Canadian Dollar. The main focus should be on the core metrics, which is the BoC’s preferred measure of inflation (average ... (full story)