Canadian Dollar Steadies Near Five-Week Low as Oil Prices Fall

Canadian dollar steadies near five-week low as oil prices fall

The Canadian dollar steadied ​near a five-week low against its U.S. counterpart on Wednesday, as ‌oil prices fell on increased hopes of a deal to end the Middle East conflict and after softer-than-expected domestic inflation data the day before.

Canadian dollar hits five-week low as CPI data clips rate-hike bets

The swap market was pricing in 50 basis ⁠points of tightening this year by the Canadian central bank, down from 54 basis points before inflation data

Canadian Dollar Faces Headwinds As Soft CPI Delays Recovery, Says TD Securities

BitcoinWorld Canadian Dollar Faces Headwinds as Soft CPI Delays Recovery, Says TD Securities The Canadian dollar’s recovery is facing a significant delay following the release of softer-than-expected inflation data, according to analysts at TD Securities. The latest Consumer Price Index (CPI) figures for Canada came in below market expectations, dampening hopes for a near-term strengthening of the loonie. Soft CPI Data and Its Immediate Impact …