Statistics Canada releases Canada wholesales data for April at 8:30 am ET Tuesday. The index is expected to tick up to 0.5 percent on month, compared to 0.9 percent rise in the previous month.

Ahead of the data, the loonie fell against its major rivals.

The loonie was worth 1.3270 against the greenback, 1.4809 against the euro, 83.90 against the yen and 1.0089 against the aussie as of 8:25 am ET.

US Dollar vs CAD (FX:USDCAD)
Forex Chart
From Mar 2024 to Apr 2024 Click Here for more US Dollar vs CAD Charts.
US Dollar vs CAD (FX:USDCAD)
Forex Chart
From Apr 2023 to Apr 2024 Click Here for more US Dollar vs CAD Charts.