Bloomberg News

Canada’s Dollar Little Changed After Consumer Prices Increase

October 21, 2011

Oct. 21 (Bloomberg) -- Canada’s dollar was little changed against its U.S. counterpart after a government report showed that consumer prices increased more than forecast last month.

The consumer price index increased 3.2 percent in September from a year earlier, compared with an August pace of 3.1 percent and a May peak of 3.7 percent, Statistics Canada said today in Ottawa. Economists surveyed by Bloomberg News predicted a 3.1 percent reading according to the median of 25 estimates.

Canada’s currency traded at C$1.0146 per U.S. dollar at 7:02 a.m. in Toronto. One Canadian dollar buys 98.56U.S. cents.

To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net


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