The Canadian dollar reached the weakest level in six weeks as a report showed retail sales in March fell more the forecast.
The currency weakened against most of its major peers as sales declined 1 per cent, compared with a forecast for a 0.6 per cent decline, according to a median estimate of 20 estimates compiled by Bloomberg. A separate showed Canada’s inflation rate accelerated for the first time in three months in April on higher food costs and reduced drag from gasoline.