Canadian dollar notches biggest weekly gain since Aug.

Canadian dollar notches biggest weekly gain since August
The heavily shorted Canadian dollar steadied against its U.S. counterpart on Friday, with the currency holding on to a weekly gain as upbeat domestic retail sales data contributed to reduced expectations for Bank of Canada interest-rate cuts.
Canadian Dollar struggles to hold onto gains
The Canadian Dollar (CAD) tested a six-day low on Thursday, despite getting pushed back into the day’s opening bids. USD/CAD eased back below 1.3950 for the first time since November 13, but a lack of sustained momentum kept the pair pinned just below 1.4000.
Canadian dollar shows weakness
The U.S. greenback has been on a tear since the election, with the nearby U.S. dollar index trading just over 106 points. This represents a three per cent
Canadian Dollar Weakens, Benchmark Yield Climbs
Canadian government 10-year bond yields rose 4.2 basis points to 3.377%. The yield on similar U.S. government benchmark debt rose to 4.4316%. U.S. December crude futures rose 71 cents to $70.1 a barrel on Wednesday.
Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Friday, and the yield on benchmark government debt slipped. The loonie was trading 0% lower at C$1.3971 to the greenback, or 71.58 U.S. cents, after trading in a range of 1.
Will the Canadian dollar slip below 70 cents US?
The Canadian dollar has slipped to its lowest level in five years. Outside of the depths of the COVID pandemic, the loonie is weaker than it's been since 2015.
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