Loonie loses ground after weak inflation report, stocks fall - News Summed Up

Loonie loses ground after weak inflation report, stocks fall


The Canadian dollar lost ground today after an unexpectedly weak inflation report for August. Statistics Canada says the consumer price index was up 1.1 per cent in August compared with a year ago. Economists had expected a gain of 1.4 per cent, according to Thomson Reuters. The loonie was down 0.41 of a cent at 76.15 cents US. On the stock market, the S&P/TSX composite index dropped 35.45 points to 14,761.73.


Source: thestar September 23, 2016 15:22 UTC



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