The Canadian dollar's getting smoked

The Canadian dollar’s getting smoked.

The currency is down by 0.6% at 1.3119 per American dollar as of 8:37 a.m. ET.

The loonie’s tumble follows several disappointing pieces of data, including retail sales and CPI data.

Core retail sales fell by 0.1% month-over-month in July, below expectations of a 0.5% increase.

Meanwhile, core CPI stayed flat month-over-month in August, below expectations of a 0.2% uptick.


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