Canada Dollar Falls for First Time in 4 Days as Inflation Slows – Businessweek

August 17, 2012
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Canada Dollar Falls for First Time in 4 Days as Inflation Slows
Businessweek
Canada's dollar weakened against its U.S counterpart for the first time in four days as inflation unexpectedly slowed in July, adding to evidence the nation's economy is moving away from full capacity. The currency, nicknamed the loonie for the image of the aquatic bird on the C$1 coin, pared a ... The Canadian currency's decline was tempered by better- than-forecast readings in U.S. consumer confidence and leading economic indicators. The Conference Board's gauge of the outlook for the next three to six months ...

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