All good things come to an end and so has the Canadian Dollar’s recent strong run. South of the border, folks were celebrating Thanksgiving yesterday but north of the 49th parallel, markets were very much open for business. With the focus on the success – or otherwise – of Black Friday, Statistics Canada brought us the latest snapshot of retail sales during the month of September. Disappointingly these rose just 0.1%, versus forecasts for a 1.0% m/m gain, after dropping 0.1 percent in August. Receipts for the country’s retailers have been flat over the past four months, after one of the best starts to a year for the industry on record. This was the last major piece of output data ahead of third quarter GDP numbers next week, and is the second release this week that showed unexpected weakness in activity. Statistics Canada reported Tuesday that wholesale sales fell 1.2 percent in September. Economists are estimating annualized GDP growth of 1.8% in Q3, down from 4.5% in the Q2. Though the CAD fell on the news, it can hardly be described as a collapse: USD/CAD is at 1.2720 in North America this morning, having touched a high of 1.2745. AUD/CAD briefly touched 97 cents but starts the session around 0.9690.