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The Canadian dollar is getting whacked after disappointing data

Elena Holodny   

The Canadian dollar is getting whacked after disappointing data
Stock Market1 min read

The Canadian dollar is getting whacked after some disappointing data.

The currency is down by 0.7% at 1.3312 per US dollar as of 8:38 a.m. ET.

Just minutes earlier, data showed that core retail sales came in at 0.0% month-over-month in August, below expectations of an increase of 0.3%.

Additionally, CPI rose only 0.1% month-over-month in September, below expectations of a 0.2% uptick. Meanwhile, core CPI rose 0.2% month-over-month, as expected.

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