CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CAD gains amid better-than-expected retail sales from Canada

13:37 20 November 2020

Canada’s national statistical agency has just released its retail sales report - one of key events in today's economic calendar. The data came in well above expectations as retail sales rose 1.0% MoM in September (vs exp. 0.2% MoM). Core retail sales topped estimates as well. CAD has caught a bid after the release, but still the reaction is rather muted. Oil markets and weakening USD may have bigger impact on Canadian dollar performance these days. Apart from that, the data is quite obsolete amid worsening Covid-19 situation. The exact retail sales figures were as follows: 

Retail sales in September: 1.1% MoM 

  • Expected: 0.2% MoM

  • Previous: 0.4% MoM

Core retail sales in September: 1.0% MoM 

  • Expected: 0.2% MoM

  • Previous: 0.5% MoM

Source: xStation5

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