020 7898 0500The Canadian dollar slipped yesterday despite strong data out in the afternoon. The retail sales, out at 1.30pm, were roughly 0.4% better than expected, and well over 1% better than last month’s stats. However, with an economy very reliant on oil, the Canadian currency did suffer from a 2% drop in crude from the 2 week high it was at yesterday. As a result of this the Canadian dollar fell 0.3% against sterling.
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