CAD review: Western Union

Quotes from Western Union:

- The loonie stuck near its best levels in more than a week after a smaller than expected decline in local inflation was seen reducing the need for another Bank of Canada rate cut anytime soon. 

- Consumer prices slowed to a 1 percent annual gain in January from 1.5 percent in December. Prices in the latest period were forecast to slow inside of 1 percent. 

- The loonie isn't out of the woods though with domestic growth data due March 3, the eve of the next BOC meeting. Disappointing growth would make the BOC's rate decision a closer call and risk renewed weakness for the loonie.