Archive · 20 Dec 2025
Canadian Dollar Steadies Amid Mixed Retail Data
The Canadian dollar stayed almost the same against the U.S. dollar on Friday.
This happened because oil prices went up a little, and there was news about how people in Canada are spending money.
In October, people spent a tiny bit less on things like food and drinks.
But the guess for November shows they might have spent a bit more.
The Bank of Canada, which controls money things, says they are watching this closely but aren't making big changes yet.
The Canadian dollar has been pretty steady this week, even though the U.S. dollar is getting stronger against other currencies.
Canadian dollar steadied against USD, trading between 1.3756 and 1.3801
Retail sales fell 0.2% in October, below expectations, but rebounded 1.2% in November (estimate)
Bank of Canada monitoring weak consumption trend but no immediate rate changes expected
Oil prices rose 1.2% to $56.80 per barrel, supporting the loonie
Currency showed little change for the week despite cooler inflation data
- Who
- Canadian dollar (loonie) and Bank of Canada
- What
- Steadied against USD amid mixed retail sales data
- When
- Friday, December 19
- Where
- Canada
- Why
- Due to sluggish household spending and oil price recovery
- Currency Range
- 1.3756 to 1.3801 USD
- Retail Sales Change (Oct)
- -0.2%
- Retail Sales Change (Nov, est)
- +1.2%
- Bank of Canada Rate
- 2.25%
- Oil Price
- $56.80 per barrel
- Loonie Weekly Change
- Little changed