Canadian Dollar Crashes To 12-Year Low After Collapse In Consumer Prices

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 collapse in wholesale sales sent the loonie crashing above 1.4000 for the first time since August 2003.

Canadian CPI tumbles and Wholesale Sales plunges…