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BREAKING: CAD appreciates after strong retail sales from Canada

1:36 PM 21 June 2023

Canada retail sales data for April was released at 1:30 pm BST. Report turned out to be better than expected and caused some moves on the markets. Highlights of the report:

  • Retail Sales: 1.1% MoM vs 0.2.% MoM expected (-1.5% MoM previous)
  • Retail Sales Ex-autos: 1.3% MoM vs 0.3% MoM expected (-0.4% MoM previous)

 

Canadian dollar appreciates after publication.

USDCAD, M1 interval, source xStation 5

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