The Canadian dollar moved against the U.S. counterpart on Tuesday, as investors weighed US inflation data ahead of comments by some senior executives at Bank of Canada, including Governor Tiff Macklem. In October, U.S. producer prices increased strongly, indicating that high inflation could continue for a while amid tight supply chains related to the pandemic. The price of oil, one of Canada's major exports, rose for a third session as the U.S. lifting travel restrictions and more signs of a global post-pandemic recovery boosted the demand outlook. The Canadian dollar was trading unchanged at 1.2446 to the US cents, or 80.35 U.S. cents, while the Canadian dollar was trading nearly unchanged at $82.21 a barrel. The currency was traded in a range of 1.2428 to 1.2459. It hit its lowest level in more than three weeks on Friday, at 1.2479. The Bank of Canada Deputy Governor Paul Beaudry will give opening remarks as the central bank hosts its annual economic conference. The Federal Reserve Board, Bank of England, European Central Bank and Bank of Canada will give closing remarks at a joint conference of the Federal Reserve Board, Bank of England, Bank of Canada on diversity and inclusion in economics, finance and central banking. The BoC risks cutting short the current economic expansion if it shifts its focus from reducing slack in the economy to tamping down inflation, possiblely setting the stage for the next cycle of rate cuts. The move in the U.S. Treasuries shows that the Canadian government bond yields were lower across the curve. The 10 year moved to 1.588%, pulling back from a 2 - 1 2 month high earlier this month at 1,766%.