Canadian dollar posts a weekly loss as markets weigh U.S. tariff uncertainty and retail data
Latest news on WhatsApp أجدد الأخبار على واتسابThe Canadian dollar ended the week lower against the U.S. dollar as investors reassessed the trajectory of U.S. tariffs and the potential knock on effects for trade. The loonie closed at 1.3687 per U.S. dollar, about 73.06 U.S. cents, posting a roughly 0.5% weekly decline.
Moves came alongside fresh official data showing Canadian retail sales fell 0.4% in December to C$70.0 billion, while Statistics Canada’s advance estimate pointed to a 1.5% rebound in January, an early signal that consumer activity may be stabilizing into the new year.
Tariff related uncertainty remained a key driver for sentiment after new legal developments in the United States revived questions about how broad based duties could be deployed. While Canada may be less exposed in some channels, major exports such as steel, aluminum, lumber, and certain non USMCA compliant auto parts still face elevated U.S. tariffs, according to Reuters.
In markets, Canada’s 10 year government bond yield slipped to 3.220%, while oil, a major Canadian export, hovered around $66.39 a barrel
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Tahani Elghazaly5252 Posts
