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Market News

Worse than expected retail sales numbers hit the Loonie

July 19

The USD/CAD pair increased 0.64 percent to the 1.3110 level, the highest intraday level (weakest level for the Loonie) right after the release of Canadian retail sales numbers, which came in at -0.3 percent when the expectation was +0.3 percent. Retail sales gauge sales at Canadian retail outlets, and they serve as a direct gauge of consumption and consumer confidence.

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Today's expected ranges:

USD / CAD
1.3020 - 1.3110 ▲
EUR/ CAD
1.4620 - 1.4735 ▼
GBP/CAD
1.6350 - 1.6400 ▲

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