14 Hrs
Source:
الاقتصادية
Canadian dollar drops to 14-month low
The Canadian dollar dropped to its lowest level in 14 months against the US dollar, as oil prices declined and core retail sales in Canada fell, reflecting weak domestic demand and putting downward pressure on the currency. The declines came amid data indicating a slowdown in consumer spending and expectations of a slowdown in economic growth, with oil prices falling by about 9% since last week following Israel and Hezbollah agreeing to a ceasefire.
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