Day: February 23, 2017

Canadian Dollar Falls, Trims Losses After Fed Minutes

The Canadian dollar fell on Wednesday due to the drop of crude oil prices and unfavorable domestic macroeconomic data. The currency managed to trim its losses after the release of policy minutes from the Federal Reserve. Crude oil fell during the Wednesday’s trading session and, as it often happens, the Canadian currency followed movement of the commodity. Retail sales decreased 0.5% in December following the 0.3% increase in November. That was an unpleasant surprise to economists […]