# Canadian dollar rises against soft U.S. counterpart on robust data - The Globe and Mail

> The Canadian dollar gained against a weak U.S. dollar on July 20, 2018 after annual inflation rose to 2.5 percent in June and May retail sales rose 2.0 percent. Markets raised odds of another Bank of Canada rate hike later in 2018.

- Date: 2018-07-20 · published 2018-07-20T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/64256-canadian-dollar-rises-against-soft-u-s-counterpart-on-robust-data-the-globe-and
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Stronger domestic data and rate-hike expectations support the loonie, which can narrow the price advantage of Canadian-origin supplies for importers of canola and other feed inputs.

## Read by commodity

- USDCAD: bearish ▼

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/business/article-canadian-dollar-rises-against-soft-us-counterpart-on-robust-data/

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