2:35 PM · 22 November 2022

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

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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