The Canadian dollar took a beating throughout the Asian and European trading sessions, and while Canadian data was disappointing, the currency didn’t show much of a response upon its release. Canadian capacity utilization fell to 67.4 percent in Q2 from 70.2 percent, marking the eighth straight decline and the lowest reading since recordkeeping began in 1987. Looking at individual industries, forestry and logging led the decline by slumping to 64.2 percent from 72.0 percent, while manufacturing capacity utilization remained weak and slipped to 64.2 percent 67.1 percent. The data adds to evidence that the decline in US export demand for Canadian goods has weighed heavily not only on production, but overall growth.