Reuters
The Canadian dollar edged lower against its U.S. counterpart on Friday as U.S. inflation data suggested the Federal Reserve could turn more hawkish compared to the Bank of Canada and some other major peers, but the currency still notched a weekly gain. The loonie was trading 0.1% lower at 1.3665 to the U.S. dollar, or 73.18 U.S. cents, with the currency pulling back after it touched its strongest level since April 10 at 1.3633. "It is getting harder for the Fed not to sound hawkish given the inflation data surprises since January," strategists at TD Securities, including Jayati Bharadwaj, said in a note.