US Retail Sales Boost Canadian Dollar
The loonie’s rally was not big though as futures for crude oil, the biggest Canadian export, fell. Crude dropped 1.1 percent to $95.01 per barrel in New York today. USD/CAD went down from 1.0115 to 1.0101 as of 23:51 GMT today. EUR/CAD was little changed at 1.3115 after falling to 1.3067. CAD/JPY was up from 100.44 to 100.63. If you have any questions, comments or opinions regarding the Canadian Dollar, feel free to post them using the commentary form below.