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BREAKING: CAD moves slightly lower on mixed retail sales data from Canada

2:35 PM 22 November 2022

Canada retail sales data for September was released at 1:30 pm GMT.  Report  came in line with expectations and  did not trigger any major moves on the markets. Highlights of the report:

• Headline: -0.5% MoM vs -0.5% MoM expected (0.7% MoM previous)

• Ex-autos: -0.7% MoM vs  -0.6% MoM expected (0.7% MoM previous)

USDCAD bounced off the 1.3390 support after release of today’s data. Source:xStation5  

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