Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The typical/expected impact on CAD pairs is medium.
The consensus forecast for Retail Sales (MoM) is -0.5%. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The most recent announced value for Retail Sales (MoM) was 1.3% against a forecast of 1.2%.
Recent economic data has been moderately bearish for CAD. Other recent announcements which may affect the market's interpretation of the next Retail Sales (MoM) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| BoC Consumer Price Index Core (MoM) | Bullish change | -0.4% | 0.2% | ||
| BoC Consumer Price Index Core (YoY) | Bearish change | 2.8% | 2.6% | ||
| Consumer Price Index (MoM) | Bullish change | -0.2% | 0% | ||
| Consumer Price Index (YoY) | Bearish change | 2.4% | 2.3% | ||
| Ivey Purchasing Managers Index | Bullish change | 43.3 | 47 | ||
| Ivey Purchasing Managers Index s.a | Bearish change | 51.9 | 50.9 | ||
| Average Hourly Wages (YoY) | Bearish change | 3.7% | 3.3% | ||
| Net Change in Employment | Bearish change | 8.2K | -24.8K | ||
| Unemployment Rate | Bullish change | 6.8% | 6.5% |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Consumption |
| Frequency: | Monthly |