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BREAKING: Canadian retail sales above forecasts

1:33 PM 21 June 2022

Canadian retail sales data for April was released at 1:30 pm BST.  Report turned out to be better than expected but it did not trigger any major moves on the market. Highlights of the report:

• Headline: 0.9% MoM vs 0.7% MoM expected (0.0% MoM previous)

• Ex-autos: 1.3% MoM vs 0.6% MoM expected (2.4% MoM previous)

USDCAD saw a relatively small reaction to today’s data release. The most popular currency pair continued to trade below 1.2950 level. Source: xStation5

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