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Oil Surge and Weak U.S. Jobs Data Push Canadian Dollar Higher

The Canadian Dollar strengthened against the U.S. Dollar on Friday as disappointing U.S. employment data weighed on the Greenback while rising oil prices provided fresh support to Canada’s commodity-linked currency. The move reflects a combination of economic signals pointing to a softer U.S. labor market and stronger fundamentals for energy-exporting …

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US Retail Sales Slip in January Amid Economic Uncertainty

Retail Sales

Retail sales in the United States cooled slightly in January, recording a 0.2% month-on-month decline to $733.5 billion, following a flat reading in December. Despite this modest drop, sales came in above expectations, which had projected a 0.3% fall. On an annual basis, retail activity showed a 3.2% increase, reflecting …

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Fed Signals Gas Price Spike Unlikely to Trigger Sustained Inflation

Federal Reserve officials have indicated that recent spikes in gas prices are unlikely to cause lasting inflationary pressure. While consumers may feel the pinch at the pump, the central bank expects these price jumps to be temporary and not derail overall economic stability.The Fed highlighted that short-term fluctuations in energy …

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