Canadian dollar notches two-week high as stocks rally, inflation cools

from 5.9 per cent in January, beating economists’ forecast that it would fall to 5.4 per cent, helped by a drop in gas prices and softer growth in shelter costs.

Money markets were little changed after the data, continuing to see a 15 per cent chance that the BoC would cut interest rates by 25 basis points at its next policy decision on April 12 and pricing in 43 basis points of easing by the end of the year. The Canadian dollar was trading 0.1 per cent higher at 1.3645 to the greenback, or 73.29 U.S. cents, its strongest level since March 7.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Five things to watch for in the Canadian business world in the coming weekA court hearing is expected to be held on Monday for Nordstrom Canada to seek approval of a liquidation sale as it prepares to shutter its 13 locations by late…
Source: VancouverSun - 🏆 49. / 61 Read more »

How some Canadian firms weathered the COVID market and survived pandemic pitfalls - National | Globalnews.caMany distillers devoted up to 80 per cent of overall production to hand sanitizer after the government put out an emergency call for supplies, the CEO of a distillery said.
Source: GlobalNational - 🏆 81. / 51 Read more »