Canadian dollar strengthens to three-week high after CPI data

Fri Nov 21, 2014 8:46am EST
 
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TORONTO Nov 21 (Reuters) - Canadian dollar strengthened to a three-week high after Canada's annual inflation rate jumped to 2.4 percent in October, surpassing economists' expectations.

The Canadian dollar rose to C$1.1201 to the U.S. dollar, or 89.28 U.S. cents, shortly after the data was released, more than a cent stronger than Thursday's close at C$1.1306, or 88.45 U.S. cents. (Reporting by Solarina Ho; Editing by Bernadette Baum)