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Canadian retail sales fall slower than expected!

1:44 PM 19 August 2022

Canadian retail sales in June came in at 1.1% m/m versus expectations of 0.3% m/m and the previous reading of 2.2% m/m. Core inflation came in at 0.8% m/m (consensus at 0.9% m/m; previously 1.9% m/m). 

Source: Statistics Canada

Source: Statistics Canada

The Canadian dollar strengthened slightly against the USD after the data reading. Source: xStation 5

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