Canadian dollar little changed

29 Mar, 2017

The Canadian dollar was little changed on Monday against its US counterpart as lower oil prices offset broadbased losses for the greenback, while investors braced for a speech by Bank of Canada Governor Stephen Poloz. Poloz is likely to be asked about the recent better-than-expected economic performance in Canada when he speaks on Tuesday. Tame inflation data on Friday indicated little pressure for a rate hike. The Canadian dollar ended at C$1.3376 to the greenback, or 74.76 US cents, slightly stronger than Friday's close of C$1.3380, or 74.74 US cents.

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