United States S&P Global Manufacturing PMI came in at 51.9 below forecasts (52.1) in January

Jan 23, 2026

USD/CAD drifts lower as Canadian Retail Sales surprise to the upside

The Canadian Dollar (CAD) extends gains against the US Dollar (USD) on Friday, supported by a broadly softer Greenback and stronger-than-expected Canadian Retail Sales data. At the time of writing, USD/CAD trades around 1.3767, marking a fifth consecutive daily decline.

United States S&P Global Manufacturing PMI came in at 51.9 below forecasts (52.1) in January

USD/CAD drifts lower as Canadian Retail Sales surprise to the upside

United States S&P Global Services PMI came in at 52.5, below expectations (52.8) in January