The Canadian dollar is tumbling after some disappointing data out of Canada.
The loonie was down by 0.6% at 1.2561 per US dollar at 8:32 a.m. ET after being little changed just minutes earlier.
Core retail sales fell by 0.7% month-over-month in August, below expectations of an increase of 0.3%. The prior month’s reading came in at 0.2%.
CPI rose 0.2% month-over-month, below expectations of a 0.3% uptick.
Core CPI rose 0.2% month-over-month, up from the prior month’s reading of 0.0%.
NOW WATCH: Money & Markets videos
Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.