The loonie was off the highs of the morning but still up 0.08 of a cent to
The agency cited a decline in transportation equipment sales for the step back. But it also noted that manufacturing sales have risen in six of the past eight months and were 2.7 per cent higher than in
The U.S. dollar had earlier moved lower against most currencies in the wake of positive economic reports from
Traders found the inflation data encouraging because it leaves the Chinese government room to stimulate the world's second-biggest economy.
Other data showed that economic growth across the eurozone was stronger than expected at the end of 2013 as gross domestic product grew by 0.3 per cent in the fourth quarter from the previous quarter. That adds up to an annualized rate of about 1.2 per cent. Analysts had been looking for fourth quarter growth of 0.2 per cent.
In the third quarter, growth was only 0.1 per cent across the eurozone, which came out of recession at the beginning of 2013.
Commodity prices were mixed following the release of the overseas economic data as March crude on the
March copper was up a cent at
Traders also awaited the latest readings on American industrial production and consumer confidence coming out later in the morning.
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