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

TORONTO, April 23 Tue Apr 23, 2013 8:39am EDT

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.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.