Canada Dollar Trades in Narrowest Range in 3 Months Before Data
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Canada’s dollar traded in the narrowest range since May before reports this week forecast to show retail sales shrank and the consumer price index remained below the central bank’s inflation target for a 15th month.
The currency fell last week amid speculation the U.S. Federal Reserve will slow monetary stimulus as soon as September. Yields on Canadian-government 10-year bonds climbed to a two-year high for a fifth straight day amid speculation the nation’s economy is lagging behind that of its biggest trading partner. Stocks fell and commodities fluctuated.