12:40 PM · 22 October 2021

CAD sees little reaction to retail sales data

Canada retail sales data for August 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 markets. Highlights of the report:

• Headline: 2.1% MoM vs 2.0% MoM expected (-0.6% MoM previous)

• Ex-autos: 2.8% MoM vs 2.8% MoM expected (-1.0% MoM previous)

USDCAD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.2325 level. Source: xStation5

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