Loonie deepens losses to two-week trough

The Canadian dollar fell today for the third straight session following negative consumer prices and retail sales data from Canada, which pushed the loonie lower even as the U.S. dollar wavers.
 
USD/CAD last traded at 1.3351, up from the opening of 1.3322, with an intraday low at 1.3284, and a high at 1.3388.
 
Canada's consumer prices fell 0.2% m/m in December, missing expectations of no-change, and compared to November's 0.4% slide.
 
Retail sales rose 0.2% m/m in November, missing expectations of a 0.5% rise, while October's reading showed a 1.2% rise.

The Bank of Canada kept interest rates unchanged this week at their record low of 0.50% amid an uncertainty phase with the new U.S. policies under Donald Trump.
 
Loonie is suffering losses despite the greenback's wavering against a basket of currencies, as markets await Donald Trump's inauguration today.