CAD/USD (CADUSD=X)
| Previous Close | 0.7287 |
| Open | 0.7287 |
| Bid | 0.7263 |
| Day's Range | 0.7246 - 0.7293 |
| 52 Week Range | 0.7246 - 0.8137 |
| Ask | 0.7263 |
- Reuters
Canadian dollar extends weekly decline as retail sales sag
The Canadian dollar weakened to its lowest level in more than two years against its U.S. counterpart on Friday as the sell-off in global equity markets continued and domestic data showed retail sales falling more than expected in July. Stocks hit two-year lows and the U.S. dollar scaled a two-decade high against a basket of major currencies as investors feared bigger interest rate rises are on their way to tame inflation. Canadian retail sales fell by 2.5% in July from June on lower sales at gasoline stations, as well as clothing and clothing accessories stores, Statistics Canada said.
- Reuters
Canadian dollar hits 2-year low as inflation pressures ease
The Canadian dollar weakened to its lowest level in nearly two years against its U.S. counterpart on Tuesday as the greenback broadly climbed and domestic data showed inflation easing more than expected in August. The data comes ahead of a speech by Bank of Canada Deputy Governor Paul Beaudry, with the text due to be available on the central bank's website at 3:30 p.m. ET (1930 GMT). Money markets see an 85% probability of a 50-basis-point interest rate hike by the BoC in October, after having fully priced in a move of that magnitude before the inflation data.
- Baystreet
Canadian Dollar Falls Below 75 Cents U.S.
For the first time in two years, the Canadian dollar has dropped below 75 cents U.S. The loonie ...
