Canada released the consumer price index for the month of February, where CPI inclined by 0.4% same as prior and estimate reading, while on the yearly basis the index jumped by 2.6% up from previous reading of 2.5% but lower than expected reading of 2.7%.

Core CPI, which excluded volatile items such as food and energy, rose in February by 0.4%, compared to the prior 0.2 percent and above forecasted reading of 0.3%, core CPI on yearly basis rose by 2.3 percent up from prior reading of 2.1% and above expectations of 2.2%.