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Markets

C$ weakens to session low after inflation data

Published August 17, 2012 Updated August 17, 2012 01:39pm

canadian-dollarTORONTO: Canada's dollar slipped to a session low against its US counterpart on Friday after the country's inflation came in tamer than expected in July, bolstering expectations the Bank of Canada will leave interest rates at near-record lows well into 2013.

Canada's dollar hit as low as C$0.9902 to the US dollar following the report, or $1.0099, from around C$0.9890, or 1.0111 immediately before the release.

Copyright Reuters, 2012

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