Canadian dollar ends week lower as markets assess US tariff ruling and retail data

The loonie fell 0.5 percent this week as investors weighed a U.S. tariff ruling and mixed retail data. Cooling inflation and a strong greenback added pressure.

Insights:
The Canadian CACA dollar (loonie) weakened on Friday, ending the week down approximately 0.5% and trading at 1.3687 per U.S. USUS dollar on Feb. 20, as investors in Canada and the United States digested mixed economic data and a significant legal development. Market participants and economists cited a U.S. Supreme Court ruling regarding trade authority as a key factor in the day's market movements, alongside fresh figures from the domestic retail sector.
U.S. and Canada Dollar notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration
U.S. and Canada Dollar notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration
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