sales figures: The Canadian dollar finished the day at 75.04 cents US, down 0.59 of a cent after Statistics Canada released new economic data showing weaker-than-expected inflation and retail sales figures, according to The Toronto Star. The federal agency said the consumer price index was up 1.3 per cent in September compared with a year ago. By Alexandra Posadzki The Canadian Press Fri., Oct. 21, 2016 The loonie took a dive as disappointing economic data coupled with recent comments by Bank of Canada governor Stephen Poloz hinted that an interest-rate cut may be on the horizon. That higher than the year-over-year increase of 1.1 per cent recorded in August, but lower than the 1.5 per cent that economists had predicted for September. The decline was due to lower sales at motor vehicle and parts dealers as well as general merchandise stores. Statistics Canada also reported that retail sales fell 0.1 per cent to $44.0 billion in August.
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