Canadian Dollar Slumps as Inflation Cools and Rate Hikes Loom
- Canadian dollar weakens 0.3% against the greenback, touching its weakest level since Oct. 6
- Canada's annual inflation rate slows to 3.8% in September
- Money markets see 84% chance BoC will leave rates unchanged at 5% on Oct. 25
- Weakness in Canadian dollar reflects divergence between U.S. and Canadian economies
- Price of oil steadies as investors await outcome of U.S. diplomatic efforts in Middle East
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