C$ keeps pace with greenback as CPI data clips rate cut bets
By Fergal Smith TORONTO (Reuters) -The Canadian dollar was little changed against its broadly stronger U.S. counterpart on Tuesday, as investors priced in a less than even chance the Bank of Canada would cut interest rates next month after hotter-than-expected inflation data. Canada's annual inflation rate unexpectedly accelerated to 2.9% in May from 2.7% in April while key measures of core
By Fergal Smith TORONTO (Reuters) -The Canadian dollar was little changed against its broadly stronger U.S. counterpart on Tuesday, as investors priced in a less than even chance the Bank of Canada would cut interest rates next month after hotter-than-expected inflation data. Canada's annual inflation rate unexpectedly accelerated to 2.9% in May from 2.7% in April while key measures of core
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