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CAD muted after retail sales data from Canada

1:33 PM 22 April 2022

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

• Headline: 0.1% MoM vs -0.2% MoM expected (3.2% MoM previous)

• Ex-autos: 2.10% MoM vs  0.0% MoM expected (2.5% MoM previous)

USDCAD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.2675 level. Source: xStation5

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