C$ hits 2-week low as CPI data bolsters rate cut bets
By Fergal Smith TORONTO (Reuters) - The Canadian dollar steadied near an earlier two-week low against its U.S. counterpart on Tuesday as cooler-than-expected domestic inflation data fueled bets for another Bank of Canada interest rate cut this month. The loonie was trading nearly unchanged at 1.3685 to the U.S. dollar, or 73.07 U.S. cents, after touching its weakest intraday level since July 2
By Fergal Smith TORONTO (Reuters) - The Canadian dollar steadied near an earlier two-week low against its U.S. counterpart on Tuesday as cooler-than-expected domestic inflation data fueled bets for another Bank of Canada interest rate cut this month. The loonie was trading nearly unchanged at 1.3685 to the U.S. dollar, or 73.07 U.S. cents, after touching its weakest intraday level since July 2
