Canada retail sales data for December was released at 1:30 pm GMT. Report turned out to be mixed and caused some moves on the markets. Highlights of the report:
• Headline: 0.5% MoM vs 0.5.% MoM expected (-0.1% MoM previous)
• Ex-autos: -0.6.% MoM vs -0.1% MoM expected (-0.6% MoM previous)
Simultaneously CPI figures were released.
Canada’s annual inflation fell to 5.9%YoY in January from 6.3% in December, below market expectations of 6.1%.
Core consumer prices in Canada decreased to 5.0% in January from 5.4% YoY in previous month, below analysts’ projections of 5.5%.
USDCAD broke above local resistance at 1.3470. Source:xStation5
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