TORONTO: The Canadian dollar weakened to an 11-day low against its US counterpart on Friday after data showed domestic inflation rose less than expected, with the currency extending its decline since the Bank of Canada held interest rates steady two days ago.
Canada’s annual inflation rate in March edged up to 2.3 percent from 2.2 percent in February, the highest level in more than three years, Statistics Canada said.
Source: Brecorder
