Canadian Dollar Crashes To 12-Year Low After Collapse In Consumer Prices
by Tyler Durden
ZeroHedge.com
12/18/2015
Not since December 2013 have Canadian Consumer Prices dropped by such a large amount. November CPI dropped 0.3% MoM, dramatically worse than expected to the largest drop since Dec 2013. The largest YoY drop in Canadian CPI, amid a surge in inventories relative to a collapsee in wholesale sales sent the loonie crashing above 1.4000 for the first time since August 2003.
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