Canadian Dollar Records Third Straight Weekly Gain
The Canadian dollar rose today as retail sales grew by 0.7 percent in February. This marks a third weekly gain despite falling oil prices and lower bond yields.
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The USD/CAD pair saw the Canadian dollar strengthen on Friday, marking its third consecutive week of gains. The loonie rose 0.2% to trade at 1.3665 per greenback, supported by a combination of domestic retail data and a broader decline in the value of the United States dollar.
