USD/CAD rose to over 2 month high after economic data from Canada

US dollar expanded its positions against Canadian dollar during Friday trade session, after a series of crucial data for Canadas economic activity was released.

The pair rose to 1.0309, Friday session high value, from trading in the 1.0264-84 zone.

USD/CAD was expected to meet resistance at 1.3000-1.3032, while the support levels were at 1.0215-1.0200.

Minutes ago was reported that Canadian Consumer Price Index (CPI) slowed down by 0.2% during April, after it increased by 0.2% during the previous period, while expectations expressed no change. On annual basis, consumer inflation rose by 0.4%, as it increased to 1.0% during the preceding period. Experts suggested an increase by 0.6%.

Another indicator published today, was the Core Consumer Price Index (CPI), which excludes volatile components as goods and energy products. The index posed an increase by 1.1% annually, mismatching forecasts of 1.2% rise.

Additionally, official data showed that Wholesale Sales in Canada rose during March by 0.3% monthly, while the indicator remained unchanged during the previous month. Estimates pointed an increase by 0.4%. The indicator was influenced mostly by increased auto sales.