Data from Statistics Canada showed that
Excluding auto sales, retail sales edged up to 0.1% in March, below expectations for a 0.3% increase. The prior month saw a sales growth of 0.6%.
The loonie eased back to 92.95 against the yen, from an early 2-day high of 93.30. If the loonie extends decline, 92.00 is seen as its next possible support level.
The loonie that ended Wednesday's trading at 1.0912 against the greenback slipped to 1.0930 following the data. On the downside, 1.10 is seen as next support level for the loonie.
The loonie ticked down to 1.4944 against the euro, coming off from early 2-day high of 1.4894. The next possible downside target for the loonie lies around the 1.506 region.
Meanwhile, the loonie stabilised against the aussie and was trading around 1.0085, after recovering from an early 2-day low of 1.0117. At yesterday's close, the pair was worth 1.0095.
Most Popular Stories
- Stop-Start Engines Save Gas, Reduce Emissions
- Shia LaBeouf Plea Deal, Alcoholism Treatment
- Ohio State Band Chief Fired After Probe
- Hispanic Leader Goes the Extra Mile
- World Tensions Don't Curb Enthusiasm for Stocks
- U.K. Economy Surpasses Pre-Crisis Peak
- Morgan Stanley Ponies Up $275 Million to Settle SEC Charges
- Ricky Martin Joins 'The Voice ... Mexico'
- Jennifer Lopez, Pitbull to Perform at Fashion Rocks
- Visa, Amazon Results Drag Down the Street