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The Canadian dollar was little changed at 1.3390 per U.S. dollar as traders paused after gains of more than 3% since mid-March. Canada's annual inflation eased to 4.3% in March from 5.2% in February, matching expectations.
Cooling inflation and a steady loonie reduce pressure for further Bank of Canada tightening. Oil's rally, which has supported the currency, is also relevant to Canadian energy-linked trade.
theglobeandmail.comReutersApr 18, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
