Canadian inflation came in stronger than expected in January as signs point to price pressures continuing to slowly build. Investors are anticipating at least two more increases this year, after the Bank of Canada hiked borrowing costs three times since July. Canada’s dollar strengthened 0.3 percent to C$1.2664 per U.S. dollar at 8:43 a.m. in Toronto. How might this affect the U.S. economy?
