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C$ at 7-month low vs US$

Friday, October 21, 2016 12:30
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The Canadian dollar fell to a 7-month low against the US dollar on Friday after retail sales unexpectedly fell for the third straight month.

The currency dipped 0.9% to C$1.3351 against the dollar during early trading on Friday. It has been on a gradual decline since early May, and is now down 3.5% on the year.

Earlier in the day, Canada suffered a setback in its trade agreement with the European Union, when a Belgian regional government refused to ratify the agreement without further amendments to the document which was seven years in the making.

Story by ProactiveInvestors


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