Markets

C$ retreats after Canadian weaker than expected inflation data

Published December 19, 2014 Updated December 19, 2014 02:13pm

1 min

By Shoaib Ur Rehman

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TORONTO: The Canadian dollar touched its weakest level of the session against the US dollar on Friday after data showed the country's annual inflation rate eased in November to an unexpectedly low 2.0 percent due to cheaper gasoline prices.

The Canadian dollar touched C$1.1635 to the U.S dollar, or 85.95 US cents, weaker than immediately before the data was released and weaker than Thursday's finish of C$1.1597. or 86.23 US cents.

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