Canadian retail sales data for October was released at 1:30 pm GMT today. Report was expected to show monthly increase in headline, as well as core retail sales (excluding autos). Actual data turned out to be a small, negative surprise. While core retail sales matched estimates and increased 0.6% MoM, headline sales increased less-than-expected.
Canada, retail sales for October.
- Headline: 0.7% MoM vs 0.8% MoM expected (0.6% MoM previously)
- Core: 0.6% MoM vs 0.6% MoM expected (0.2% MoM previously)
USDCAD moved lower in a knee-jerk move following release of Canadian retail sales data, before erasing drop to trade little changed. Moves on the pair were also influenced by a simultaneous release of US data.
Source: xStation5

Economic Calendar - Another day of central bankers' speeches. Is AUDUSD responding to inflation risks?
Morning Briefing: Global Markets Riding AI Wave, Rising Geopolitical Tensions, and Hawkish Central Banks (22.09.2026)
Economic Calendar: Day of central banker speeches led by Lagarde (21.09.2026)
Morning briefing: Trump-Xi in the shadow of geopolitical tensions (21.09.2026)