The Canadian dollar was a seven month Canadian exchange rate low Friday morning amid data showing weaker than expected retail sales figures and tame inflation. The Canadian dollar traded at 97.66 U.S. cents this morning, down from 0.50 percent from yesterday's close. Retail sales fell more than expected in December, led by a drop in vehicle sales. According to Statistics Canada, sales fell 2.1 percent in Canadian exchange rate the last months of 2012, much more than the 0.3 percent decline economists expected. The decline followed five consecutive monthly increases in retail sales. Excluding sales of motor vehicles and parts, retail sales fell 0.9 percent.
Canadian exchange rate Tactics:
The holidays are not happy for retailers, said economist Emanuel Engineer CIVIC World Markets .The decline in sales volumes adds measurable decrease the risk of GAP in December Canadian exchange rate, which could publish a contraction of 0.3 percent, leaving the fourth quarter growth probably followed by a percentage below the Bank 's appeal Canada. The Canadian dollar was a seven month low Friday morning amid data showing weaker than expected retail sales figures and tame inflation. The Canadian dollar traded at 97.66 U.S. cents this morning, down from 0.50 percent from Canadian exchange rate yesterday's close.
Retail sales fell more than expected in December, led by a drop in vehicle sales. According to Statistics Canada, sales fell 2.1 percent in the last months of 2012, much more than the 0.3 percent decline economists expected. The decline followed five consecutive monthly increases in retail sales. Canadian exchange rate sales of motor vehicles and parts, retail sales fell 0.9 percent. The holidays are not happy for retailers, said economist Emanuel Engineer CIVIC World Markets. The decline in sales volumes adds measurable decrease the risk of GAP in December, which could publish a contraction of 0.3 percent, leaving the fourth quarter growth probably followed by a percentage Canadian exchange rate below the Bank 's appeal Canada.
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