TORONTO – The Canadian dollar made strides against the U.S. greenback Monday after Canada’s central banker warned on the weekend of inflationary concerns, suggesting that interest rates may not be on hold much past this spring’s federal election.

The loonie gained 0.67 of a cent to 102.53 cents US although the U.S. dollar remained well-supported by signs the Federal Reserve may also raise interest rates sooner than anticipated. (more…)