The pair reached a daily low of 1.2626 against a high of 1.2702. Forecasts indicate that Canadian retail sales may record a non-specific reading at zero, supporting recent expectations that the Canadian economy is beginning to retreat from the strength it has gained over the past year.
Although the economic situation in Canada does not reflect poor performance, it also does not indicate that the economy is at its best. Observers have a strong view of Canada that the strong performance of the economy last year is fading away.
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