Retail Sales in Canada increased at a stronger pace than expected in December.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
- Retail Sales in Canada increased at a stronger pace than expected in December.
- USD/CAD pushes higher toward 1.3500 in the early American session.
Statistics Canada reported on Tuesday that Retail Sales rose by 0.5% on a monthly basis in December. This reading came in higher than the market expectation for an increase of 0.2%.
“Core retail sales—which exclude gasoline stations and motor vehicle and parts dealers—increased 0.4%,” Statistics Canada noted in its publication. “In volume terms, retail sales increased 1.3% in December.”
Despite the upbeat data, USD/CAD trades in positive territory and edges higher toward 1.3500 in the early American session. Soft inflation figures from Canada seem to be weighing on the Canadian Dollar.
[/s2If]
Join Our Telegram Group
