Market News
Canadian dollar steadies as tariff threat details stay lacking - REUTERS
By Fergal Smith
Summary
- Canadian dollar gains 0.1% against the greenback
- Trades in a range of 1.4375 to 1.4413
- Flash estimate shows retail sales up 1.6% in December
- 10-year yield rises 1.6 basis points
TORONTO, Jan 23 (Reuters) - The Canadian dollar steadied against its U.S. counterpart on Thursday as investors weighed U.S. President Donald Trump's comments at the World Economic Forum and preliminary domestic data showed retail sales jumping in December.
The loonie was trading nearly unchanged at 1.4375 per U.S. dollar, or 69.57 U.S. cents, after trading in a range of 1.4335 to 1.4413.
"I think Trump's comments at the World Economic Forum today helped euro-dollar recover and put some pressure on the (U.S.) dollar more broadly," said Silver Gold Bull Erik Bregar, director, FX & precious metals risk management at Silver Gold Bull.
