(Reuters) — The Canadian dollar is down, trading near US79 cents Oct. 23 as data shows the economy slowing after a boom in the first half of the year.
Retail sales slowed last month and the annual inflation rate hit 1.6 percent in September, matching forecasts, but well below the Bank of Canada’s two percent target.
The U.S. dollar rose as progress on U.S. tax reforms raised prospects of a fiscal lift to the economy.
