# Loonie posts biggest gain since start of 2020 as U.S. dollar stumbles - The Globe and Mail

> 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.

- Date: 2020-02-21 · published 2020-02-21T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/54809-loonie-posts-biggest-gain-since-start-of-2020-as-u-s-dollar-stumbles-the-globe
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A firmer loonie reflects a softer US dollar and mixed Canadian data. The move has little direct effect on feed commodity prices.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-strengthens-as-greenback-broadly-pulls-back/

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