USD/CAD drops below 1.4000 as Canadian retail sales beat expectations

Canadian retail sales rose 1.2% to $74.6 billion in August, with volumes also up 1.2%, lifting the Canadian dollar and pushing USD/CAD under the 1.4000 level.

Canadian retail sales rose 1.2% to $74.6 billion in August, with volumes also up 1.2%, lifting the Canadian dollar and pushing USD/CAD under the 1.4000 level.