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.