The Canadian dollar strengthened against its US counterpart, as investors were bullish on stocks on Tuesday, resulting in a weaker greenback. The loonie has been decimated this year, with traders seeking shelter in the US dollar throughout 2022. With a recession almost guaranteed in both the US and Canada, what will this mean for the loonie? According to Statistics Canada, retail sales tumbled 0.5% month-over-month in September, matching the market estimate. This is down from the 0.4% gain in August. When automobiles are taken out of the equation, retail sales dropped 0.7% in September. On an annualized basis, retail ... (full story)