The typical/expected impact on CAD pairs is medium.
The consensus forecast for Retail Sales (MoM) is -0.4%. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
Higher numbers than forecast tend to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.
The most recent announced value for Retail Sales (MoM) was 2.5% against a forecast of 1.6%.
Recent economic data has been moderately bullish 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% | 0.7% | ||
BoC Consumer Price Index Core (YoY) | Bullish change | 2.1% | 2.7% | ||
Consumer Price Index (MoM) | Bullish change | 0.1% | 1.1% | ||
Consumer Price Index (YoY) | Bullish change | 1.9% | 2.6% | ||
BoC Interest Rate Decision | Bearish change | 3% | 2.75% | ||
Average Hourly Wages (YoY) | Bullish change | 3.7% | 4% | ||
Net Change in Employment | Bearish change | 76K | 1.1K | ||
Unemployment Rate | (no change) | 6.6% | 6.6% |
Country: | Canada |
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Currency: | CAD |
Source: | Statistics Canada |
Category: | Consumption |
Frequency: | Monthly |