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This Wednesday 28 Jul at 12:30 PM GMT the latest CA Inflation Rate YoY number will be released.
If the number is less than than economists’ consensus there is a 80% probability that USDCAD will trend down following the news event.

This probability is based on the last 12 CA Inflation Rate YoY events, in which 4 of the last 5 events where the actual number was less than than the economist consensus resulted in an down trend of USDCAD.

Here are images of the past events:

Wednesday 21 Apr at 12:30 PM GMT:

Wednesday 17 Mar at 12:30 PM GMT:

Wednesday 20 Jan at 01:30 PM GMT:

Wednesday 19 Aug at 12:30 PM GMT:

Disclaimer: Past performance may not be indicative of future performance