{"id":31438,"date":"2018-02-22T09:13:15","date_gmt":"2018-02-22T14:13:15","guid":{"rendered":"http:\/\/olduvai.ca\/?p=31438"},"modified":"2018-02-22T09:13:31","modified_gmt":"2018-02-22T14:13:31","slug":"loonie-tumbles-as-canadian-retail-sales-crashed-in-december","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=31438","title":{"rendered":"Loonie Tumbles As Canadian Retail Sales Crashed In December"},"content":{"rendered":"<div id=\"block-zerohedge-page-title\" class=\"block block-core block-page-title-block\">\n<h3 class=\"page-title\"><span class=\"field field--name-title field--type-string field--label-hidden\"><a href=\"https:\/\/www.zerohedge.com\/news\/2018-02-22\/loonie-tumbles-canadian-retail-sales-crashed-december\">Loonie Tumbles As Canadian Retail Sales Crashed In December<\/a><\/span><\/h3>\n<\/div>\n<div id=\"block-zerohedge-content\" class=\"block block-system block-system-main-block\">\n<article class=\"node node--type-article node--view-mode-full\" role=\"article\">\n<div class=\"node__content\">\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>But, but, but&#8230; it was Christmas!!<\/p>\n<p>Canadian retail sales have come out and they are shockingly low &#8211; <em><strong>even after bad weather and higher rates on big ticket items had kept surveys particularly low for December.<\/strong><\/em><\/p>\n<p>The headline print was -0.8% MoM (expectations were for no change)<\/p>\n<p>Worse still, sales ex autos plunged 1.8% MoM (against expectations of a 0.3% gain) &#8211; the biggest drop since Jan 2015&#8230;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-02-22_5-46-57.jpg?itok=TEv1yYRi\" \/><\/p>\n<p>As Citi notes, these numbers, while often volatile, were not expected to be a big mover, <strong>but the extent of the miss has triggered some activity in USDCAD, <\/strong>which has jumped up to 1.2736 already and may have more to run.<\/p>\n<p>Loonie is at its weakest vs the dollar since 12\/21&#8230;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-02-22_5-49-26.jpg?itok=n_nrigwr\" \/><\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Loonie Tumbles As Canadian Retail Sales Crashed In December But, but, but&#8230; it was Christmas!! Canadian retail sales have come out and they are shockingly low &#8211; even after bad weather and higher rates on big ticket items had kept surveys particularly low for December. The headline print was -0.8% MoM (expectations were for no [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1861,2446,3571,4318],"class_list":["post-31438","post","type-post","status-publish","format-standard","hentry","category-economics","tag-canadian-dollar","tag-loonie","tag-retail-sales","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/31438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31438"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/31438\/revisions"}],"predecessor-version":[{"id":31440,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/31438\/revisions\/31440"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}