Canadian retail sales report for April was released today at 1:30 pm BST. Report was expected to show solid increases in headline and core retail sales, following declines in March. Actual data turned out to be a positive surprise. While headline retail sales increased 0.7% MoM, in-line with market expectations, retail sales excluding autos surged 1.8% MoM, much more that 0.6% MoM expected by the markets.
Canadian dollar gained slightly following the release, with USDCAD dropping around 0.1% in a knee-jerk move. However, around half of this move was already erased.
إبدأ بالإستثمار اليوم أو تدرّب على حساب تجريبي
إنشاء حساب حساب تجريبي تحميل تطبيق الجوال تحميل تطبيق الجوالCanada, retail sales for April
- Headline: +0.7% MoM vs +0.7% MoM expected (-0.2% MoM previously)
- Ex-autos: +1.8% MoM vs +0.6% MoM expected (-0.6% MoM previously)
USDCAD remains below 1.3700 resistance zone after Canadian data. Source: xStation5
