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Loonie Weakens Amid Canada's June Wholesale Sales Report

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Statistics Canada's wholesale trade came in less than expected in June, falling to 0.1 percent in the month following a 0.9 percent increase in May. Analysts had predicted a 0.3 percent growth.

The Canadian dollar drifted lower against its major rivals after the report. As of 8:32 am ET, the loonie was trading at 1.2268 against the euro, 80.62 versus the yen and 0.9860 against the US dollar.

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