The Canadian dollar steadied on Monday against its U.S. counterpart as oil prices fell and domestic data showed inflation running at a cooler than expected pace.

Inflation in Canada cooled less than expected last month, supporting the Bank of Canada’s plan to move to the sidelines after back-to-back rate cuts.

Fan noted that inflation breadth widened modestly, with about 54% of CPI components growing faster than three% on an annualized three-month basis, up from 50% in October. A narrower “supercore” measure that strips out goods and shelter rose 0.2% on the month and remained elevated at 3.2% year over year, suggesting pockets of persistence remain.

OTTAWA — Statistics Canada says rising grocery prices were causing fresh pain for consumers in November even as the overall inflation rate held steady.

Dec 15 (Reuters) - Futures for Canada's main stock index rose on Monday, supported by higher precious metal prices, while investors awaited domestic inflation print due later in the day. December futures on the S&P/TSX index were up 0.

As Trump floats pulling out of a trade deal with Mexico and Canada, officials on both sides of the border are betting the president won’t risk quashing a deal that has helped keep prices in check.