Canadian dollar holds despite positive economic data

2020-11-20 17:19:35 GMT (Economies.com)
Canadian dollar holds despite positive economic data

The Canadian dollar stabilized against most of its major counterparts on Friday, despite the release of upbeat economic data.

 

The data showed that Canada's retail sales index rose 1.1% in October, beating forecasts of 0.2%.

 

The core reading of the retail sales index (excluding energy and food prices) rose 1%, also better than forecasts of an unchanged reading.

 

The Canadian government announced today closing its borders with the US after the recent record spike in the number of coronavirus infections, as data from Johns Hopkins University revealed that the average daily number of infections reached 165,000 in the US recently.

 

As of 16:46 GMT, CAD/USD held at 0.7648, after hitting a high of 0.7669, and a low of 0.7640.

 
 
 
  Symbol Last Change Chg.%
1.1924
0.0030
0.2514%
1.3336
-0.0047
0.3531%
Tadawul
8693.47
65.41
0.76%
23.274
-0.771
3.208%
45.290
2.465
5.756%
48.07
0.24
0.50%
1808.635
-57.875
3.101%
 
 
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