India, May 20 -- The Canadian dollar advanced against its most major counterparts in the New York session on Tuesday, after a data showed that inflation accelerated in April.
The CPI rose 1.7 percent year-over-year in April, down from a 2.3 percent increase in March. The reading came in above expectations of 1.6 percent.
On a seasonally adjusted monthly basis, the CPI fell 0.2 percent, following a 0.1 percent decline in March.
Core CPI, which excludes food and energy, increased 0.3 percent, compared to a flat reading last month.
Investors awaited U.S. House of Representatives vote on President Donald Trump's proposed tax bill.
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The loonie edged up to 1...