2:33 PM · 20 January 2023

BREAKING: CAD unmoved after mixed retail sales data from Canada

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

• Headline: -0.1.% MoM vs -0.5.% MoM expected (+1.4% MoM previous)

• Ex-autos: 0.6% MoM vs -0.4% MoM expected (+1.7% MoM previous)

USDCAD saw relatively small reaction to today’s data releases. Currency pair continued to trade around 1.3470 level. Source: xStation5

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