The post Canadian Dollar strengthens to near 1.3700 as Canadian Retail Sales beat forecasts appeared on BitcoinEthereumNews.com.

The USD/CAD pair loses ground to around 1.3685 during the early Asian session on Monday. The pair touches its weakest since December 30, 2025, as ‌the US Dollar (USD) posts broad-based declines, and data showed that Canadian Retail Sales rose in November. Traders will keep an eye on the US November Durable Goods Orders report, which will be released later on Monday.  Data released by Statistics Canada showed on Friday that Retail Sales rose by 1.3% MoM in November, compared to a decline of 0.3% in October (revised from -0.2%). Meanwhile, the Retail Sales ex Auto data climbed 1.7% in November versus -0.6% prior. Both figures came in above the market consensus of 1.2%.  The BBC reported on Saturday that US President Donald Trump threatened to slap 100% tariffs on Canadian goods if the country strikes a trade deal with China. Canada’s Prime Minister Mark Carney said on Sunday that his country had no intention of pursuing a free trade deal with China, adding that his recent agreement with China merely cut tariffs on a few sectors that were recently hit with them. “You have ongoing risk of tensions between Carney and Trump, the USMCA negotiations coming up this summer,” said Aaron Hurd, senior portfolio manager in the currency group at State Street Global. “With that risk on the horizon, unless Canadian economic data really takes off, I think the ‌Canadian ‌dollar is stuck here. It will move with the broad dollar,” Hurd added.  Canadian Dollar FAQs The key factors driving the Canadian Dollar (CAD) are the level of interest rates set by the Bank of Canada (BoC), the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports. Other factors include market…

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Filed under: News - @ January 26, 2026 2:16 am