Canadian Dollar slumps as Canadian CPI inflation cools further
The Canadian Dollar has shed over 2.2% against the US Dollar in December alone and is on pace to end lower against the Greenback for a fourth straight month. As the Loonie continues to deflate against the USD, USD/CAD prices have rallied back above the 1.4300 handle, a bottom-to-top rise of nearly 7% from September’s bottom bids near 1.3420.