Loonie pares week’s gains as inflation slows – iPolitics.ca (subscription)

August 17, 2012
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Loonie pares week's gains as inflation slows
iPolitics.ca (subscription)
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 loonie pared a sixth weekly gain, its longest winning streak since 2010. The loonie rose ... 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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