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.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appCanada, 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
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
