Canadian Dollar Slides as Cooling Inflation Boosts Rate Cut Hopes

• Canadian dollar hits 3-month low against US dollar due to cooler-than-expected inflation data • Inflation slowing boosts expectations of Bank of Canada beginning to cut interest rates • Annual inflation rate cooled to 2.8% in February, slowest since June • Money markets see 75% chance of BoC rate cut in June, up from 50% before data • Investors concerned Fed may signal fewer rate cuts and later policy easing start