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The Canadian dollar hit a three-week high against the US dollar after Canadian retail sales were flat in December. Core retail sales excluding autos rose 0.5%.
The US dollar eased from a three-year peak after weak US purchasing manager surveys.
A firmer loonie reflects a softer US dollar and mixed Canadian data. The move has little direct effect on feed commodity prices.
theglobeandmail.comFERGAL SMITHFeb 21, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
