Canadian Dollar Slides 0.1%, Gains 0.6% Weekly

Canadian dollar fell 0.1% to 1.3585 per USD, but rose 0.6% for the week, marking fourth straight weekly gain.
Canada’s manufacturing PMI jumped to 53.3 in April, its highest since June 2022, indicating fastest sector growth in four years.
Q1 GDP annualized growth revised to 1.7%, slightly above the Bank of Canada’s 1.5% forecast, supporting potential rate hikes.
Oil prices fell 3% to $101.94/barrel after Iran’s proposal, while Canadian 10‑year yields slipped to 3.53%, easing from 3.623%.