Canadian dollar hits 14-month low as core retail sales decline | Reuters

The Canadian dollar weakened to a 14-month low against the US dollar, influenced by declining oil prices and subdued retail sales data. The loonie traded at 1.4180 per US dollar, down 0.3% for the day and 1.3% for the week. Analysts attribute the decline to the war premium draining out of oil and easing concerns about broader de-escalation in the Middle East.