edged lower against its U.S. counterpart on Thursday as the recent rally lost some momentum and investors assessed economic for signs the U.S. economy is slowing down.
It follows six straight days of gains for the currency. On Wednesday, it touched a five-week high at 1.3589 as U.S. inflation data kept the door open to interest rate cuts this year. “Yesterday’s U.S. inflation was on point and retail sales were very soft. This was followed by more soft U.S. data today reinforcing that an economic slowdown is emerging.”
The price of oil, one of Canada’s major exports, settled 0.8 per cent higher at $79.23 a barrel, while Canadian government bond yields were mixed across a more deeply inverted curve.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: