BREAKING: CAD ticks higher after strong core retail sales

Canadian retail sales report for April was released today at 1:30 pm BST. Report was expected to show solid increases in headline and core retail sales, following declines in March. Actual data turned out to be a positive surprise. While headline retail sales increased 0.7% MoM, in-line with market expectations, retail sales excluding autos surged 1.8% MoM, much more that 0.6% MoM expected by the markets.

Canadian dollar gained slightly following the release, with USDCAD dropping around 0.1% in a knee-jerk move. However, around half of this move was already erased.

Canada, retail sales for April

Headline: +0.7% MoM vs +0.7% MoM expected (-0.2% MoM previously)
Ex-autos: +1.8% MoM vs +0.6% MoM expected (-0.6% MoM previously)

USDCAD remains below 1.3700 resistance zone after Canadian data. Source: xStation5

6 May 2026, 7:04 PM

Daily summary: Oil slumps 8% supporting Wall Street, precious metals and EURUSD

6 May 2026, 7:10 AM

Economic calendar: ADP report and PMI data from Europe 🔎

6 May 2026, 6:43 AM

Morning wrap (06.05.2026)

5 May 2026, 7:14 AM

Economic calendar: US Services ISM and JOLTS report in focus

Economic reports

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