Dollar slips on disappointing economic data

May 20, 2011

The following is excerpted from the 20 May 2011 edition of CBC News.

The Canadian dollar fell for the first time in four days Friday amid disappointing reports on inflation and retail spending.

The dollar declined 0.36 of a cent to 102.92 cents US early in the afternoon as the easing of inflationary pressures in April led to speculation that the Bank of Canada could delay raising interest rates... 

This article is available in its entirety on the CBC News website at:

http://www.cbc.ca/news/business/story/2011/05/20/dollar-interest-rates.html

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Topic(s): 
Canadian Economy & Politics
Information Source: 
Canadian News Channel
Document Type: 
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