Cannabis stocks dip, Roundhill launches WEED ETF on 4/20

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Canadian dollar climbs to 3-week high on hot inflation data

The Canadian dollar strengthened to its highest level in more than three weeks against its U.S. counterpart on Wednesday, as domestic inflation data bolstered expectations for another upsized interest rate hike from the Bank of Canada in June. Canada’s annual inflation rate accelerated faster than expected in March, hitting a 31-year high of 6.7%, amid broad price pressures, official data showed. “Today’s CPI release confirms that the BoC took the right track when embarking on a 50 basis point hike last week,” said Simon Harvey, FX market analyst for Monex Europe and Monex Canada.

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