Loonie strengthens for fifth day on economy prospects

Source: Bloomberg
© Scanpix/AFP
The Canadian Dollar advanced for a fifth consecutive day after the largest increase in retail sales since 2010 fostered bets for accelerating pace of growth. The currency appreciated versus the majority of its main trading partners after data showing a 1.9% advance in retail sales in May, while forecast was around 0.4%. The Loonie added 0.2% to C$1.0269 against the greenback at 8:12 a.m. Toronto time.

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