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Canadian dollar steadies near one-year low ahead of inflation data
The Canadian dollar was little changed against its U.S. counterpart on Thursday after hitting its weakest in nearly one year earlier in the session, as investors waited for domestic inflation data and a meeting of major oil producers. At 4 p.m. EDT, the Canadian dollar was trading nearly unchanged at $1.3302 to the greenback, or 75.18 U.S. cents. The currency touched its weakest level since June 22, 2017, at $1.3336. “It is no surprise that the market is flat ahead of the OPEC meeting and critical reports on the consumer and inflation,” said Adam Button, currency analyst at ForexLive. Canadian inflation data for ... (full story)