Canadian Dollar depreciates on factor sales data

Source: Bloomberg
The Canadian Dollar, also known as the loonie, weakened by 0.5% to 1.0271 per U.S. Dollar by midday trading session in Toronto on Tuesday. The currency depreciated for a second straight day, as Canadian factory sales data in January was worse than economists' estimations. The market also reacted to the U.S. home construction and permits data that reached the highest level in five years.

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