BREAKING: CAD muted after weak retail sales data from Canada

2:35 PM January 21, 2022

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)

Start investing today or test a free demo

Open real account TRY DEMO Download mobile app Download mobile app

• 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


Forex and CFDs are leveraged products and can result in losses that exceed your deposits. Please ensure you fully understand all of the risks.

Losses can exceed deposits