April 23, 2013 / 12:42 PM / 4 years ago

CANADA FX-C$ strengthens after stronger-than-expected retail sales data

TORONTO, April 23 (Reuters) - The Canadian dollar recouped its losses and strengthened against its U.S. counterpart on Tuesday after domestic retail sales data for February rose by a stronger-than-expected 0.8 percent.

The Canadian dollar was trading at C$1.0258 versus the U.S. dollar, or 97.48 U.S. cents, firmer than shortly before the data was released and also stronger than Monday’s close at C$1.0261, or 97.46 U.S. cents.

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