Canadian dollar maintains weekly gains as cooling U.S. inflation eases market concerns
The Canadian dollar remained steady this week as slowing U.S. inflation bolstered hopes for interest rate cuts. Investors now await Canada's upcoming CPI data.
Insights:
The Canadian dollar edged slightly lower on Friday but retained most of its weekly gain after consumer prices in the United States 
US rose less than expected in January. The softer inflation reading helped ease investor concerns and raised market bets that the Federal Reserve would begin cutting interest rates.
US rose less than expected in January. The softer inflation reading helped ease investor concerns and raised market bets that the Federal Reserve would begin cutting interest rates.
