Canadian Dollar loses momentum on Friday
The Canadian Dollar treaded water to wrap up the trading week.
Canada saw a slight decline in home prices, Retail Sales meet expectations.
Broad-market sentiment supports the Greenback, limiting Loonie options.
The Canadian Dollar (CAD) waffled into the midrange on Friday, testing into the low side but ultimately getting hamstrung as Canadian data comes in mixed and gets overshadowed by sentiment-bolstering US data prints.
Canada saw an unexpected contraction in its New Housing Price Index in October, a welcome sign for Canadians suffering under the weight of home prices that have outrun income for decades despite investors not being able to rely on forever-increasing home prices for investment returns. Headline Canadian Retail Sales came in at expectations, though core Retail Sales excluding automobile purchases accelerated in September.
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