USD/CAD has bunped up close to the parity level, trading at 0.9970. The markets are waiting for the release of two key indicators on Tuesday. The first is Core Retail Sales, one of the most important consumer indicators. As well, the head of the Bank of Canada will be speaking, and the markets will be hoping to get a clue as to future monetary policy. The loonie has moved higher, as USD/CAD is trading just above the 0.99 level, at 0.9905.  After a decline in March, Core Retail Sales rose 0.5%, close to the market forecast of 0.6%. Retail Sales did not fare much better, posting a decline of -0.2%. The markets had forecast a 0.1% increase. The loonie contiues to push upwards, as USD/CAD is trading at 0.9862. The pair has not traded at such a low level since early March.


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