Canadian Retail Sales impact CAD

Source: Dukascopy Bank SA


The publication of the Canadian Retail Sales data has caused an increase of volatility for the Canadian currency. The Canadian Dollar spiked up, before starting a decline.

Market consensus forecast for the Canadian Retail Sales was that the sales would have increased by 0.5%, but actual released numbers showed growth of 0.4%. Meanwhile, the Core Retail Sales, that exclude auto sales, showed a decline of -0.7% instead of the forecast increase of 0.3%.
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