Day: October 20, 2017

Canadian Dollar Falls Sharply After Disappointing Macroeconomic Reports

The Canadian dollar fell sharply today after the release of macroeconomic reports, which turned out to be worse than analysts had anticipated. The drop of crude oil prices were also unfavorable to the currency. The Consumer Price Index rose 0.2% in September from August, missing the analysts’ average estimate of a 0.3% increase. Retail sales dropped 0.3% in August after increasing 0.4% in July. That was a complete surprise to economists who […]