Canadian dollar drifted weaker against its major rivals following the release of Canada's existing home sales report for May.
Existing home sales rose 3.6 percent in May following 0.6 percent increase in the previous month.
As of 9:20 am ET, the loonie was trading at 1.0168 against the greenback, 93.18 against the yen and 1.3570 against the euro.
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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.