The Canadian dollar weakened to a two-month low against its U.S. counterpart on Thursday after a surprise drop in domestic retail sales dented prospects for further Bank of Canada interest rate hikes over the coming months.
The Canadian dollar closed at an average trading value of 78.92 cents U.S., down 0.31 of a U.S. cent. The S&P/TSX composite index advanced 84.57 points to 15,524.01, helped in part by the influential financials sector.
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