USD/CAD dropped to its lowest level since February 2018 last week, as the pair fell 1.57%. For the Canadian dollar, it was its strongest weekly gain this year. There are four Here is an outlook for the highlights and an updated technical analysis for USD/CAD. In Canada, retail sales sparkled in March, as both the headline and core retail sales rose 4.8%, after declines a month earlier. Canada’s GDP posted a gain of 0.4% in February, down from 0.7% a month earlier. On the inflation front, the Raw Materials Price Index gained 2.3% in March, down from 6.6%. In the US, consumer confidence soared, as the Consumer Board Consumer Confidence Index climbed to 121.7, up from 113.1 beforehand. The US dollar dipped after the FOMC meeting, as the Fed said it was premature to discuss tapering.