TORONTO, Sept 21 (Reuters) - The Canadian dollar fell to a session low against the U.S. currency on Tuesday after Canada's annual inflation rate in August slowed, suggesting the Bank of Canada may pause in its interest rate hiking campaign.
The Canadian dollar fell to C$1.0324 to the U.S. dollar, or 96.86 U.S. cents, from about C$1.0285 to the U.S. dollar, or 97.23 U.S. cents, shortly before the data was released.
Canada's annual inflation rate in August slowed to 1.7 percent from 1.8 percent in July as energy prices moderated and clothing prices fell, Statistics Canada said. The annual core inflation rate remained at 1.6 percent in August from July. For details, see [ID:nSCLLKE65M]
Most Canadian bond prices turned positive after the data. (Reporting by Ka Yan Ng; editing by Jeffrey Benkoe)