Canada Dollar Falls to Almost 3 Week Low on Speculation of Less Inflation

(Bloomberg) -- The Canadian dollar fell to an almost
three-week low on speculation inflation may have eased, reducing
the likelihood the Bank of Canada will increase borrowing costs
twice this year.

``There's a bit of concern that the consumer prices may be
weaker than expected,'' said Matthew Strauss, senior currency
strategist at RBC Capital Markets Inc. in Toronto, a unit of
Canada's biggest bank by assets. ``The Canadian dollar may be
topped for the time being.''


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