{"id":56383,"date":"2025-02-18T21:34:58","date_gmt":"2025-02-18T21:34:58","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/02\/18\/canadian-dollar-leaves-thumbprints-on-inflation-report\/"},"modified":"2025-02-18T21:34:58","modified_gmt":"2025-02-18T21:34:58","slug":"canadian-dollar-leaves-thumbprints-on-inflation-report","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/02\/18\/canadian-dollar-leaves-thumbprints-on-inflation-report\/","title":{"rendered":"Canadian dollar leaves &#8216;thumbprints&#8217; on inflation report"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header article-header--story\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<p>Breadcrumb Trail Links<\/p>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\">News<\/li>\n<li class=\"breadcrumbs__item\">Economy<\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\">Cost of items susceptible to a weaker loonie registered increases, economist says<\/p>\n<div class=\"article-meta\">\n<p><span class=\"published-date__since\">Published Feb 18, 2025<\/span> \u00a0\u2022\u00a0 <span class=\"published-date__word-count\">3 minute read<\/span><\/p>\n<div class=\"article-meta__bottom\">\n<div class=\"bookmark-wrapper\">\n<div class=\"popover\" data-aqa=\"popover\" data-click-to-appear=\"True\" data-container=\"\" data-container-offset=\"\" data-no-style=\"\" data-popover-component=\"\" data-position=\"top\" data-sticky=\"\" data-tail-offset=\"200\" data-tail-position=\"right\"><button class=\"popover__trigger bookmark-button\"><span class=\"save-article-button save-article-button--default\" title=\"Save article\" data-article-id=\"d8faaf53-5130-4b6d-a54f-078ff61a4d3e\" data-evt-skip-click=\"true\"\/><\/button><\/p>\n<div aria-describedby=\"popover-desc-popover-bookmark\" class=\"popover__content\" hidden=\"\" role=\"dialog\">\n<div class=\"popover__content__wrapper\">\n<div class=\"popover__content__text\" id=\"popover-desc-popover-bookmark\">\n<div class=\"bookmark__popover__content\">\n<p>You can save this article by registering for free here. Or sign-in if you have an account.<\/p>\n<\/div>\n<\/div>\n<p><button class=\"popover__content__close\" data-evt-skip-click=\"true\" title=\"Close\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" viewbox=\"0 0 12 12\" class=\"icon--close\" height=\"12\" version=\"1.1\" width=\"12\"><polygon points=\"12 0.95 11.05 0 6 5.05 0.95 0 0 0.95 5.05 6 0 11.05 0.95 12 6 6.95 11.05 12 12 11.05 6.95 6\"\/><\/svg><\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><\/source><\/source><\/source><\/source><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">The Canadian dollar has been riding a losing streak against its United States counterpart since late September. <\/span> <span class=\"credit\">Photo by Shannon VanRaes\/Bloomberg files<\/span><\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">The \u201cthumbprints\u201d of a weaker Canadian dollar made their mark in January\u2019s consumer price index (CPI) report, well-known Bay Street economist David Rosenberg said.<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>\u201cThe weak Canadian dollar had its thumbprints all over this report,\u201d the founder and chief economist of Rosenberg Research &amp; Associates Inc. said in a note on Tuesday following the release of the latest CPI data.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_2\">\n<section 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Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__anonymous\">\n<p>REGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading experience.<\/p>\n<ul class=\"list-unstyled list-checkmark\">\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<div class=\"intro-body__registration_only hidden\">\n<p>THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\n<p class=\"identity-intro__description\">Create an account or sign in to continue with your reading 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class=\"identity-divider__line\"\/><span class=\"identity-divider__text\">or<\/span><span class=\"identity-divider__line\"\/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<footer class=\"identity-footer identity-screen__content m-x-0 p-x-0 col-sm-6 col-md-12\"\/><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p data-async=\"\">Inflation grew at a rate of 1.9 per cent year over year and up from 1.8 per cent in December, according to Statistics Canada.<\/p>\n<p>Most of the increase was attributed to a rise in gasoline and other energy prices, but Rosenberg said the cost of items susceptible to a weaker Canadian dollar also registered increases.<\/p>\n<p>\u201cYou\u2019re starting to see the first signs of the weakness in the Canadian dollar starting to percolate through the price data,\u201d he said in a followup interview.<\/p>\n<p>For example, new vehicle prices rose 2.3 per cent year over year in January, while clothing and furniture prices also rose on a seasonally adjusted basis.<\/p>\n<p>\u201cWhat makes (these items) different is they have quite a bit of sensitivity to shifts in the Canadian dollar, more than is the case with health and personal care, recreation and education, and home entertainment,\u201d he said. \u201cThose are, principally, the areas that caught my eye, telling me that the impact of the softer loonie is beginning to percolate through.\u201d<\/p>\n<p data-async=\"\">The Canadian dollar has been riding a losing streak against its United States counterpart since late September, when polls in the U.S. started to indicate that Donald Trump was gaining momentum in the presidential race against Kamala Harris.<\/p>\n<\/section>\n<div class=\"js-widget-content article-content__widget-group article-content__widget-group--content-slot18 article-content__widget-group--newsletter-slot\">\n<section class=\"newsletter-widget__new-story-page fp-headlinenews 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If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text__new-story-page newsletter__feedback--last\">The next issue of Top Stories will soon be in your inbox.<\/p>\n<\/div>\n<p class=\"newsletter-widget__text__new-story-page js-submit-error\" style=\"margin-top: 8px\" hidden=\"\" id=\"submitErrorFP_HeadlineNews\">We encountered an issue signing you up. Please try again<\/p>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_3\">\n<section aria-describedby=\"advertisment3564052518217151131449813381414912\" class=\"ad\">\n<p>Advertisement 3<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>At the time, the loonie was trading at 74.5 cents U.S. It is currently trading at 70.5 per cent U.S.<\/p>\n<blockquote>\n<p>We will need a weaker dollar to prevent disinflation from morphing into deflation<\/p>\n<p>David Rosenberg<\/p>\n<\/blockquote>\n<p data-async=\"\">The currency hit a low in the so-called Trump trade cycle of 68.8 cents U.S. on Feb. 1, just before the president\u2019s 25 per cent across-the-board tariffs were expected to be levied. The tariffs have since been delayed until March.<\/p>\n<p data-async=\"\">Trump\u2019s arrival as president has been bad for the Canadian dollar because his stated love for tariffs would hit the Canadian economy if he implements them, causing the Bank of Canada to defend growth by putting lower interest rates in place.<\/p>\n<p data-async=\"\">Tariffs could also trigger a rise in U.S. inflation and U.S. Federal Reserve interest rates. But higher rates south of the border make the greenback more attractive to investors, causing other currencies paired with the U.S. dollar to lose value.<\/p>\n<p>With global uncertainty at heightened levels \u2014 even if it\u2019s caused by Trump \u2014 investors will feel compelled to rush to the U.S. dollar for safety, putting further downside risks on the loonie.<\/p>\n<p>But Rosenberg thinks the loonie and the lower interest rates will ultimately guard against disinflation.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group ad_counter_4\">\n<section aria-describedby=\"advertisment3262077618754696012560766123114496\" class=\"ad\">\n<p>Advertisement 4<\/p>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p>This advertisement has not loaded yet, but your article continues below.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<p>\u201cLower interest rates and a lower Canadian dollar in tandem will \u2026 act as an antidote against these other domestic disinflation pressures, especially at a time when many measures of inflation and underlying inflation are already at or near the Bank of Canada comfort zone,\u201d he said.<\/p>\n<p>Rosenberg is among those who expect the Bank of Canada to continue cutting to at least the bottom of its two per target range and possibly lower, despite what happens with tariffs.<\/p>\n<section aria-labelledby=\"moreTopicLabel4192518754154881046667376830971904\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" nearing=\"\" cents=\"\" as=\"\" us=\"\" fatigue=\"\" sets=\"\" in=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0214dollar.jpg?h=96&strip=all&quality=5&sig=ihvHLwHyk-ENv4mDQwbcrg&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0214dollar.jpg?h=96&strip=all&quality=5&sig=ihvHLwHyk-ENv4mDQwbcrg&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0214dollar.jpg?h=96&strip=all&quality=5&sig=ihvHLwHyk-ENv4mDQwbcrg&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0214dollar.jpg?h=96&strip=all&quality=5&sig=ihvHLwHyk-ENv4mDQwbcrg&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0214dollar.jpg?h=96&strip=all&quality=5&sig=ihvHLwHyk-ENv4mDQwbcrg&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0214dollar.jpg?h=96&strip=all&quality=5&sig=ihvHLwHyk-ENv4mDQwbcrg&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0214dollar.jpg?h=96&strip=all&quality=5&sig=ihvHLwHyk-ENv4mDQwbcrg&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0214dollar.jpg?h=96&strip=all&quality=5&sig=ihvHLwHyk-ENv4mDQwbcrg&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0214dollar.jpg?h=96&strip=all&quality=5&sig=ihvHLwHyk-ENv4mDQwbcrg&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0214dollar.jpg?h=96&strip=all&quality=5&sig=ihvHLwHyk-ENv4mDQwbcrg&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0214dollar.jpg?h=96&strip=all&quality=5&sig=ihvHLwHyk-ENv4mDQwbcrg&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"The loonie was trading at 70.62 cents U.S. on Feb. 14, up 2.7 per cent since it dipped below 69 cents U.S. on Jan. 31.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0214dollar.jpg?h=96&strip=all&quality=80&sig=vXWUkWcAw_iW0595WjDhUg\" fifu-data-src=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0214dollar.jpg?h=96&strip=all&quality=5&sig=ihvHLwHyk-ENv4mDQwbcrg&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0214dollar.jpg?h=96&strip=all&quality=80&sig=vXWUkWcAw_iW0595WjDhUg, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0214dollar.jpg?h=192&strip=all&quality=80&sig=ZYmLRWcZF5aMZRtHijYxbA 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0214dollar.jpg?h=288&strip=all&quality=80&sig=OI2yjS6Y3810ohEvBVM3GA 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Loonie nearing 71 cents as US &#8216;tariff fatigue&#8217; sets in<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" trades=\"\" above=\"\" cents=\"\" us=\"\" as=\"\" tariff=\"\" threat=\"\" recedes=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/canadian-dollar-gs0205.jpg?h=96&strip=all&quality=5&sig=qQeNJQEBJfTsi0xTC2yzBA&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/canadian-dollar-gs0205.jpg?h=96&strip=all&quality=5&sig=qQeNJQEBJfTsi0xTC2yzBA&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/canadian-dollar-gs0205.jpg?h=96&strip=all&quality=5&sig=qQeNJQEBJfTsi0xTC2yzBA&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/canadian-dollar-gs0205.jpg?h=96&strip=all&quality=5&sig=qQeNJQEBJfTsi0xTC2yzBA&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/canadian-dollar-gs0205.jpg?h=96&strip=all&quality=5&sig=qQeNJQEBJfTsi0xTC2yzBA&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/canadian-dollar-gs0205.jpg?h=96&strip=all&quality=5&sig=qQeNJQEBJfTsi0xTC2yzBA&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/canadian-dollar-gs0205.jpg?h=96&strip=all&quality=5&sig=qQeNJQEBJfTsi0xTC2yzBA&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/canadian-dollar-gs0205.jpg?h=96&strip=all&quality=5&sig=qQeNJQEBJfTsi0xTC2yzBA&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/canadian-dollar-gs0205.jpg?h=96&strip=all&quality=5&sig=qQeNJQEBJfTsi0xTC2yzBA&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/canadian-dollar-gs0205.jpg?h=96&strip=all&quality=5&sig=qQeNJQEBJfTsi0xTC2yzBA&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/canadian-dollar-gs0205.jpg?h=96&strip=all&quality=5&sig=qQeNJQEBJfTsi0xTC2yzBA&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"The Canadian dollar was trading above 70 cents U.S. on Wednesday.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/canadian-dollar-gs0205.jpg?h=96&strip=all&quality=80&sig=r6GnP2k4FvTo0TrUx8kmlw\" fifu-data-src=\"https:\/\/i1.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/canadian-dollar-gs0205.jpg?h=96&strip=all&quality=5&sig=qQeNJQEBJfTsi0xTC2yzBA&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/canadian-dollar-gs0205.jpg?h=96&strip=all&quality=80&sig=r6GnP2k4FvTo0TrUx8kmlw, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/canadian-dollar-gs0205.jpg?h=192&strip=all&quality=80&sig=meUVSKtnstaLqSmHAZPJNw 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/canadian-dollar-gs0205.jpg?h=288&strip=all&quality=80&sig=G0rtriu99e2496koXI-T-g 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Loonie trades above 70 cents US as tariff threat recedes<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p>He said policymakers have recently indicated they consider the Canadian economy will be in \u201cexcess supply\u201d until the end of next year, which will keep pushing prices down.<\/p>\n<p>\u201cWe will need a weaker dollar to prevent disinflation from morphing into deflation (where the rate of inflation falls below zero),\u201d he said.<\/p>\n<p data-async=\"\"><em>\u2022 Email: gmvsuhanic@postmedia.com <\/em><\/p>\n<p data-async=\"\"><em><strong>Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here.<\/em><\/p>\n<\/section>\n<section class=\"article-content__content-group article-content__content-group--story\">\n<p>Article content<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt-val=\"{\" control_fields=\"\" data-evt-typ=\"page_scroll\">\n<p>Share this article in your social network<\/p>\n<\/section>\n<\/div>\n\n<br \/>Canadian dollar leaves &#8216;thumbprints&#8217; on inflation report<\/a><br \/>\n<br \/>2025-02-18 21:34:58<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links News Economy Cost of items susceptible to a weaker loonie registered increases, economist says Published Feb 18, 2025 \u00a0\u2022\u00a0 3 minute read You can save this article&#8230;<\/p>\n","protected":false},"author":2,"featured_media":56384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/02\/no0218dollar.jpg?quality=90&strip=all&w=288&h=216&sig=K4wu-Vh9lTcKpSxDCkHNnw","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-56383","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/56383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=56383"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/56383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/56384"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=56383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=56383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=56383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}