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Canadian dollar hits 7-month high after upbeat retail sales data

Summary by TheSpuzz
Source: Live Mint Canadian dollar gains 1% against the greenback Touches its strongest since October 10 at 1.3712 Retail sales rise 0.8% in March 10-year yield eases 1.5 basis points to 3.360% TORONTO, May 23 (Reuters) – The Canadian dollar strengthened to a seven-month high against its U.S. counterpart on Friday as the greenback posted broad-based declines and domestic retail sales data supported bets that the Bank of Canada would remain o…
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TheSpuzz broke the news in on Friday, May 23, 2025.
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