Silver as an investment

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