2:35 PM · 21 January 2022

BREAKING: CAD muted after weak retail sales data from Canada

Canada retail sales data for November was released at 1:30 pm GMT. Report turned out to be weaker than expected but it did not trigger any major moves on the markets. Highlights of the report:

• Headline: 0.7% MoM vs 1.2% MoM expected (1.6% MoM previous)

• Ex-autos: 1.1% MoM vs 1.2% MoM expected (1.3% MoM previous)

USDCAD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.2525 level. Source: xStation5

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