Canadian dollar extends weekly decline as U.S. data spook investors

المملكة العربية السعودية أخبار أخبار

Canadian dollar extends weekly decline as U.S. data spook investors
المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين
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Loonie at 73.26 U.S. cents

weakened to a seven-week low against its U.S. counterpart on Friday as worries about the Federal Reserve’s interest rate outlook offset additional evidence the domestic economy remained robust at the start of the year.

The price of oil, one of Canada’s major exports, was also down as rising inventories in the United States and concerns over global economic activity offset the prospect of lower Russian exports. A preliminary estimate on Tuesday showed a 0.7 per cent gain in retail sales in January after a December gain, while previous data for January showed the economy added 10 times more jobs than expected and manufacturing activity picked up.

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globeandmail /  🏆 5. in CA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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