The Canadian dollar extended its early decline against other major currencies on Wednesday amid the release of disappointing retail sales data for June.
Retail sales declined 0.4% to $38.7 billion in June, more than offsetting the gain in May. This may be compared to expectations for a 0.1% gain following a revised 0.2% increase last month.
The loonie is now trading at a 12-day low of 0.9946 against the greenback, 1-week low of 79.70 against the yen and more than a 2-week low of 1.2385 against the euro.
Against the aussie, the loonie slipped to 1.0378 amid the release of data, compared to early high of 1.0337.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.