Canada’s dollar depreciated against its U.S. counterpart on speculation economic data this week will show growth in the world’s 10th-largest economy is slowing, dimming the outlook for interest-rate increases. The currency declined against most of its major counterparts as crude oil and U.S. stock-index futures dropped as concern Spain will need to seek a bailout overshadowed optimism that Greece won’t leave the euro bloc. Economists predicted Statistics Canada reports will show slowing growth in wholesale and retail sales. “All eyes will be on Spain,� said Jeremy Stretch, head of currency strategy at Canadian Imperial Bank of Commerce in London, in a telephone interview. “There’s a lot of Canadian dollar data to watch out for this week, which is another wild card. If that follows the trend that we’ve been seeing in some of the U.S. data, then that might keep the Canadian dollar a little on the defensive.� Canada’s currency, nicknamed the loonie, declined 0.3 percent to C$1.0249 per U.S. dollar at 7:46 a.m. in Toronto. One Canadian dollar buys 97.57 cents. To contact the reporter on this story: Chris Fournier in Halifax at cfournier3@bloomberg.net To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net

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