BREAKING: Canadian retail sales lower than expected 🔴

01:30 PM BST, Canada - Retail Sales Data for April:

Retail Sales: actual 0.3% MoM; forecast 0.4% MoM; previous 0.8% MoM;
Core Retail Sales: actual -0.3% MoM; forecast -0.2% MoM; previous -0.8% MoM;

01:30 PM BST, Canada - Inflation Data for May:

IPPI: actual 1.2% YoY; previous 1.9% YoY;
IPPI: actual -0.5% MoM; forecast 0.0% MoM; previous -0.8% MoM;

Canadian macro reports came in slightly lower than expected for both IPPI inflation data and retail sales. In the forex market, we can see only a modest upside reaction in the EURCAD currency pair

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Daily summary: Nervous anticipation, SaaS sell-off and weak macro data

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