TORONTO – The Canadian dollar lost ground today after an unexpectedly weak inflation report for August.
Statistics Canada says the consumer price index was up 1.1 per cent in August compared with a year ago.
Economists had expected a gain of 1.4 per cent, according to Thomson Reuters.
The loonie was down 0.41 of a cent at 76.15 cents US.
On the stock market, the S&P/TSX composite index dropped 35.45 points to 14,761.73.
In New York, the Dow Jones industrial average fell 48.59 points to 18,343.87, while the broader S&P 500 index lost 5.04 points at 2,172.14.
The Nasdaq composite dropped 16.63 points to 5,322.89.
On the commodity markets, the November crude oil contract fell 28 cents to US$46.04 per barrel, while the November contract for natural gas shed 3.2 cents to US$3.029 per mmBtu.
December gold contracts lost US$2.30 to US$1,342.40 per ounce.