Canadian Dollar Steady, Inflation Slows While Fed Looms

The Canadian dollar remained relatively stable against the US dollar amid falling inflation and ahead of a potential US Federal Reserve interest rate hike.
Canada's inflation rate slowed to 4.3% in March, as expected, according to economists.
The Bank of Canada sees inflation declining to 3% over the coming months.
A Fed rate increase could boost the US dollar and weaken the Canadian dollar.
Canadian government bond yields edged lower in response to the inflation data.