Fri, 20 May 2016 13:44:04 GMT
Retail sales fall short of expectations in Canada
Data on Canadian retail sales induced disappointment, as the figure showed a 1% drop, missing analyst expectations of a 0.6% dip for March. The decline came chiefly from a 2.9% plunge in auto and part trade, as well as lagging furniture sales. While the news triggered a Canadian Dollar sell-off upon the announcement, the effect was neutralized by positive inflation