Loonie Tumbles After Canadian Inflation, Retail Sales Plunge
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
Source: http://silveristhenew.com/2016/09/23/loonie-tumbles-after-canadian-inflation-retail-sales-plunge/
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