Canadian Dollar Talking Points holds a narrow range going into the end of the week, but updates to Canada’s Consumer Price Index (CPI) may fuel the recent rebound in the exchange rate as the headline reading for inflation is expected to hold steady at 2.5% per annum in July. USD/CAD Outlook Mired with Mixed Signals Ahead of Canada CPI Signs of static price growth may dampen the appeal of the as it does little to alter the monetary policy outlook, and a batch of lackluster data prints may prop up USD/CAD over the coming days as it dampen bets for another rate-hike in 2018. It seems as though the BoC will stick to the sidelines at the next meeting on September 5 after raising the benchmark interest rate in July, and Governor Stephen Poloz & Co. May ultimately tame expectations for an imminent rate-hike as ‘t he possibility of more trade protectionism is the most important threat to global prospects. ’ Even though the ‘ Governing Council expects that higher interest rates will be warranted to keep inflation near target,’ the ongoing adjustment in U.S.