Loonie at 74.02 U.S. cents
edged lower against its U.S. counterpart on Friday but held on to much of its weekly gain, as domestic data showed retail sales fell in March and negotiations to raise the U.S. debt ceiling paused.
For the week, it was up 0.3%, after data on Tuesday showed the annual inflation rate increased in April for the first time in 10 months. Money markets see a roughly 40% chance that the Bank of Canada will raise its benchmark interest rate further by September. Before the inflation data, the next move in rates was expected to be a cut.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canadian dollar strengthens, benchmark yield climbsLoonie at 74.38 U.S. cents
Read more »
Canadian dollar falls as BoC’s Macklem resists validating rate hike betsLoonie at 73.96 U.S. cents
Read more »
Uber to allow Canadian teens to set up ride-share accounts this summerTORONTO — Canadian teens will soon be able to hitch a ride with Uber as the ride-hailing app works to expand its market. The U.S. tech giant announced at its global product showcase Wednesday…
Read more »
Israel’s judicial reform plans under scrutiny as Canadian MPs debate - National | Globalnews.caNetanyahu's government has allowed the expansion of settlements that are illegal under international law, and it wants to allow parliament to overturn Supreme Court decisions.
Read more »
Uber to allow Canadian teens to set up ride-share accounts this summerCanadian teens will soon be able to hitch a ride with Uber as the ride\u002Dhailing app works to expand its market. Find out more here.
Read more »
Canadian critical minerals company considers selling assets as costs surge by 85%Critical minerals company Electra Battery Materials faces a $50 million budget shortfall on crucial project. Find out more
Read more »