# Canadian dollar posts weekly decline - Business & Finance - Business Recorder

> The Canadian dollar edged up 0.1% to 1.37 per US dollar on Friday, though it fell 0.3% on the week. Retail sales fell 0.1% in August, and markets priced only a 12% chance of a Bank of Canada hike at the October 25 meeting.

- Date: 2023-10-23 · published 2023-10-23T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/33853-canadian-dollar-posts-weekly-decline-business-and-finance-business-recorder
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Softer Canadian data and reduced rate-hike odds keep the loonie range-bound, with little direct effect on feed commodity prices.

## Read by commodity

- USDCAD: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40269414

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.