Canada released the consumer price index for the month of October, where CPI rose by 0.2% for the second month in a row and above estimates of 0.1%, while compared with a year earlier, CPI ticked down slightly to 2.9 percent from the prior 3.2% and 2.8 percent forecasted.

Core CPI, which excluded volatile items such as food and energy, rose in October by 0.3%, compared to the prior 0.5 percent and with median estimates of 0.1% while compared with a year earlier, core CPI rose by 2.1 percent slightly down from September's 2.2% and above the 1.9% forecasted.