Glacier FarmMedia — The Canadian dollar was firm on Tuesday, as the latest domestic inflation data came in higher than expected.
The Canadian dollar settled at US$0.7132 or US$1=C$1.4022, which compares with Monday’s close of US$0.7125 or US$1=C$1.4036.
Statistics Canada reported that the country’s annual rate of inflation was 2.4 per cent in September. That compares with pre-report expectations for 2.2 per cent growth and the 1.9 per cent increase in the consumer price index reported the previous month.
The continued shutdown of the United States government and resulting lack of economic data remained a feature in the financial markets.
West Texas Intermediate crude oil was up by 0.88 per cent at US$57.52 per barrel.
The TSX Composite Index lost 527.62 points at 29,888.82 points.
