Canada's core retail sales growth misses forecasts in March

Note: This section contains information in English only.
Source: Forexpros
Canada's core retail sales advanced less than initial forecast in March, whereas total sales of retailers erased previous month losses. The core retail sales in the country that exclude auto sales gained 0.1% in March on a seasonally adjusted basis, confronting expectations of a 1.0% rise. Year-to-year core retail sales eased up by 2.4% in March after advancing by 2.5% in February. Following the data release, the Canadian Dollar continued to depreciate against its US counterpart and USD/CAD traded at 1.0236, rising by 0.3%.


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