Canada's Dollar Tumbles Most in Eight Months on Disappointing Retail Sales

(Bloomberg) -- The Canadian dollar declined the
most in almost eight months as April retail sales grew at a
slower pace than economists expected.

Investors pared bets that the Bank of Canada will raise the
key lending rate more than twice this year after retail activity
excluding automobile sales didn't grow. Government reports this
week showed wholesale sales in April unexpectedly declined the
most in almost four years and a measure of inflation in May rose
less than analysts forecast.


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