Canadian retail sales decreased by 0.5% in September from August. Canada’s flash estimates indicated that sales increased by 1.5% in October. The Bank of Canada stated that higher interest rates were beginning to slow the Canadian economy. Today’s USD/CAD price analysis is slightly bearish. The Canadian dollar strengthened versus the US dollar as investors’ risk … Continued
The post USD/CAD Price Analysis: Canada’s Upbeat Retail Sales Weighing appeared first on Forex Crunch.
Read Full Story
Latest posts by Forex Crunch (see all)
- Gold Price Near Key Dynamic Resistance, Advance GDP Eyed - April 25, 2024
- EUR/USD Price Retraces Below 1.07 as Dollar Regains - April 24, 2024
- AUD/USD Forecast: Rallies as Rate Cut Bets Ease After Hot CPI - April 24, 2024