Canadian dollar tracks Wall Street higher ahead of CPI data
By Fergal Smith TORONTO (Reuters) - The heavily shorted Canadian dollar strengthened against its U.S. counterpart on Monday as stock markets rallied and investors awaited domestic inflation data that could offer clues on the Bank of Canada policy outlook. The loonie was trading 0.3% higher at 1.3615 to the greenback, or 73.45 U.S. cents, adding to its gains on Friday. The currency moved in a
By Fergal Smith TORONTO (Reuters) - The heavily shorted Canadian dollar strengthened against its U.S. counterpart on Monday as stock markets rallied and investors awaited domestic inflation data that could offer clues on the Bank of Canada policy outlook. The loonie was trading 0.3% higher at 1.3615 to the greenback, or 73.45 U.S. cents, adding to its gains on Friday. The currency moved in a
