We expect USDCAD to trend upwards later today. Based on these past Canada Inflation Rate YoY news events there is a 66.67% chance of this. We expect this to happen if the released value is > 3.5%. A price movement of 42 pips is expected.

Historical events that allowed us to draw this conclusion

19 May 12:30

17 Feb 13:30

16 Dec 13:30

22 Jul 12:30