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    USD/CAD: upward trend on 17.11.2015

    Consumer Price Index for October and Retail Sales statistics for September are due on Friday in Canada. In September, CPI grew by 0.3% on a monthly basis and by 1% on an annual basis. Thus, despite of loose monetary policy, Canada’s inflation remains weak. In October, BoC kept interest rates unchanged at the level of 0.5%, and the next policy meeting is scheduled for 2 December.

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