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Markets see to be a bit hesitant, not sure if things are slowing down

By MoneyWay | Jul 22, 2021

This morning’s U.S. data cast a bit of a pall on North American markets, economists are still calling for a growing economy and are looking these numbers as a blip in the overall trend. Continuing unemployment claims are falling, job openings are going higher, businesses on both sides of the border are reopening at a rapid pace, all signs of growth.

The Canadian dollar is a bit weaker to the USD, even as oil and metal futures are in positive territory. Canada’s retail sales are expected to be down tomorrow, however don’t be surprised if comes in flat.

Narrow range on the USDCAD today.

                                Currently*          Close                     Range

USDCAD               1.2580                   1.2552                   1.2529-1.2594

EURCAD               1.4800                   1.4801                   1.4775-1.4880

GBPCAD               1.7290                   1.7209                   1.7217-1.7308

*Indicative rates only    

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