Canadian Dollar struggles against Euro as inflation accelerates to 3%

Canadian Dollar struggles against Euro as inflation accelerates to 3%

Source: EODHD - https://www.fxstreet.com/news/canadian-dollar-struggles-against-euro-as-inflation-accelerates-to-3-202608171331
Published: Aug 17, 2026 9:31 AM

EUR/CAD edges higher on Monday, trading around 1.6070 at the time of writing, up 0.11% on the day. The pair maintains a positive bias despite a stronger-than-expected acceleration in Canadian inflation, which provides some support to the Canadian Dollar (CAD).

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.