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Reuters.com 07/19/2019 16:57
U.S. 2-year spread widens by 3.9 basis points. By Fergal Smith. TORONTO, July 19 (Reuters) - The Canadian dollar weakened. against its U.S. counterpart on Friday, pulling back from a near. nine-month high hit earlier in the day, as domestic data showed. a surprise decline in May retail sales and the greenback broadly. climbed. The value of Canadian retail trade dipped by 0.1% versus an. estimated 0.3% increase, as unusually bad weather hit sales of. food, drink and clothing. "The report casts some doubt on the resiliency of the. consumer sector to the ongoing parade of worrisome geopolitical. and trade developments," Ryan Brecht, a senior economist at. Action Economics, said in a research note. Canada's economy has showed signs of picking up in the. se.

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