Is It A Plot Twist? Look At The Canadian CPI Print

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Inflation in Canada, as measured by the Consumer Price Index (CPI), fell to 7% in August from 7.6% in July, the data published by Statistics Canada showed on Tuesday. This reading came in lower than the market expectation of 7.3%.
The Bank of Canada's (BOC) Core CPI, which excludes volatile food and energy prices, declined to 5.8% on a yearly basis from 6.1% in July, compared to analysts' estimate of 6%.
With the initial reaction, USD/CAD rose sharply and was last seen gaining 0.55% on a daily basis at 1.3320.