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78% of retail investor accounts lose money when trading CFDs with this provider.

The Canadian dollar may begin to drop
The Canadian dollar may begin to drop

The Canadian dollar may begin to drop

Last week, the USD/CAD pair rose by just over 1.5%.

The drop in oil prices is putting pressure on the Canadian dollar. Today, Canadian retail sales data will be released. Forecasts expect the indicator to fall month-over-month from 0.7% to -0.5%. If the data meet expectations or prove to be better than expected, the USD/CAD pair could begin to rise.

USD/CAD

Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.

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78% of retail investor accounts lose money

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