Correspondent, Toronto, Canada
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Jun 23, 2014
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Jun 20, 2014
Jun 20, 2014

C$ jumps to 5-1/2 month high on firm inflation, retail data

TORONTO, June 20 (Reuters) – The Canadian dollar firmed to
its strongest level since the first week of 2014 on Friday after
surprisingly high Canadian inflation data and robust retail
sales increased speculation that the central bank will soon have
to shift its policy stance.

The Bank of Canada warned investors just last week that low
inflation is a lingering concern, signaling to markets its
reluctance to raise interest rates. But the twin data points
jolted the currency about half a cent stronger as it forced
traders to rethink the rate outlook.

Jun 19, 2014
    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Joined Reuters:
      2007
      Languages:
      English, Arabic
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