Following the release of Canada consumer inflation for April at 8:30 am ET Wednesday, the loonie declined against its major counterparts.

The loonie was trading at 80.99 against the yen, 1.3487 against the greenback, 1.5088 against the euro and 0.9333 against the aussie around 8:31 am ET.

US Dollar vs CAD (FX:USDCAD)
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US Dollar vs CAD (FX:USDCAD)
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