# Canadian dollar consolidates recent gains as inflation cools - The Globe and Mail

> 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.

- Date: 2023-04-18 · published 2023-04-18T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/36639-canadian-dollar-consolidates-recent-gains-as-inflation-cools-the-globe-and-mail
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

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.

## Read by commodity

- USDCAD: neutral

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-steadies-as-inflation-cools-as-expected/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.