Canadian Dollar Extends Monthly Gain as Oil Prices Lift Inflation Risk
The Canadian dollar extended its monthly gain as higher oil prices raised inflation risk.
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06:53:17 PM UTC
SquawkNews
By Fergal SmithThe Canadian dollar strengthened to a six-week high against its US counterpart on Friday as a jump in oil prices supported bets the Bank of Canada would tighten further, overshadowing disappointing GDP data.The loonie FX_IDC:USDCAD was trading 0.2% higher at 1.3955 per US dollar, or…