Canadian Dollar Falls on Inflation Data, Rate Cut Bets

The Canadian dollar, often called the loonie, lost some value compared to the U.S. dollar.

This happened because inflation in Canada slowed down, meaning prices aren't rising as quickly.

Because of this, there's a higher chance that Canada's central bank might lower interest rates to help boost the economy.

Also, the price of oil, which is a major export for Canada, went down.

The loonie is now at its lowest point since early August.

The ending of a strike by flight attendants at Air Canada could be a positive factor for the economy.