AIRLINK 189.36 Increased By ▲ 1.33 (0.71%)
BOP 11.10 Decreased By ▼ -0.76 (-6.41%)
CNERGY 7.28 Decreased By ▼ -0.26 (-3.45%)
FCCL 36.65 Decreased By ▼ -1.14 (-3.02%)
FFL 14.95 Decreased By ▼ -0.29 (-1.9%)
FLYNG 26.19 Increased By ▲ 0.66 (2.59%)
HUBC 130.89 Increased By ▲ 0.74 (0.57%)
HUMNL 13.47 Decreased By ▼ -0.14 (-1.03%)
KEL 4.28 Decreased By ▼ -0.07 (-1.61%)
KOSM 6.08 Decreased By ▼ -0.09 (-1.46%)
MLCF 45.94 Increased By ▲ 0.26 (0.57%)
OGDC 201.86 Decreased By ▼ -4.57 (-2.21%)
PACE 6.12 Decreased By ▼ -0.26 (-4.08%)
PAEL 38.36 Decreased By ▼ -1.95 (-4.84%)
PIAHCLA 16.73 Decreased By ▼ -0.22 (-1.3%)
PIBTL 7.94 Decreased By ▼ -0.09 (-1.12%)
POWER 9.86 Decreased By ▼ -0.17 (-1.69%)
PPL 173.46 Decreased By ▼ -5.38 (-3.01%)
PRL 34.73 Decreased By ▼ -1.63 (-4.48%)
PTC 23.95 Decreased By ▼ -0.44 (-1.8%)
SEARL 101.74 Decreased By ▼ -1.42 (-1.38%)
SILK 1.07 No Change ▼ 0.00 (0%)
SSGC 32.70 Decreased By ▼ -3.54 (-9.77%)
SYM 17.93 Decreased By ▼ -0.30 (-1.65%)
TELE 8.14 Decreased By ▼ -0.24 (-2.86%)
TPLP 12.02 Decreased By ▼ -0.14 (-1.15%)
TRG 67.40 Increased By ▲ 0.07 (0.1%)
WAVESAPP 11.80 Decreased By ▼ -0.21 (-1.75%)
WTL 1.52 Decreased By ▼ -0.05 (-3.18%)
YOUW 3.90 Increased By ▲ 0.01 (0.26%)
BR100 11,819 Decreased By -87.9 (-0.74%)
BR30 35,000 Decreased By -554.1 (-1.56%)
KSE100 112,085 Decreased By -478.8 (-0.43%)
KSE30 34,946 Decreased By -148 (-0.42%)

TORONTO: The Canadian dollar hit a one-month low against its US counterpart on Tuesday, pressured by lower oil prices and broader gains for the greenback, as North Korea tensions eased and data showed a jump in US retail sales.

The US dollar climbed against a basket of major currencies after North Korea's leader delayed a decision on firing missiles towards Guam. Also aiding the greenback, US retail sales recorded their biggest increase in seven months in July.

Oil prices extended a heavy sell-off, weighed down by a stronger US dollar and signs of weaker demand in China.

US crude  prices were down 0.53 percent to $47.34 a barrel.

At 9:17 a.m. ET (1317 GMT), the Canadian dollar was trading at C$1.2758 to the greenback, or 78.38 US cents, down 0.3 percent.

The currency's strongest level of the session was C$1.2720, while it touched its weakest since July 12 at C$1.2778.

Resales of Canadian homes fell 2.1 percent in July from June, the fourth straight monthly decline, as the cooling down of the Toronto housing market continued, the Canadian Real Estate Association said.

Separate data showed that lending to Canadian small businesses rose for a fifth straight month in June on stronger activity in construction and other major industries, suggesting that companies are adding to solid growth in the domestic economy.

Investors are awaiting Canada's inflation data for July on Friday to see whether the numbers will support a potential second interest rate hike from the Bank of Canada later this year.

The central bank hiked rates last month for the first time in nearly seven years.

Negotiations for modernizing the North American Free Trade Agreement (NAFTA) start on Wednesday. The Canadian government's goals in the talks include preserving NAFTA's dispute-settlement mechanism, Foreign Minister Chrystia Freeland said on Monday, setting up a potential clash with Washington.

 

 

Copyright Reuters, 2017

Comments

Comments are closed.