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Loonie Tumbles After Canadian Inflation, Retail Sales Plunge

Friday, September 23, 2016 7:15
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(Before It's News)

A slew of disappointing data out of Canada has sent the Loonie tumbling this morning (despite higher oil prices).

Canadian Retail Sales and Inflation data missed across the board…

Multi-year lows in CPI, Core CPI, and Retail Sales…

And the result is a tumbling Loonie as expectations of further rate cuts loom…

Charts: Bloomberg

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