Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
The most recent announced value for Retail Sales (MoM) was 0.4% against a forecast of 0.5%.
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 | ||||
---|---|---|---|---|---|
Retail Sales ex Autos (MoM) | Bearish change | 0.3% | -0.7% | ||
BoC Interest Rate Decision | Bearish change | 4.25% | 3.75% | ||
BoC Consumer Price Index Core (MoM) | Bullish change | -0.1% | 0% | ||
BoC Consumer Price Index Core (YoY) | Bullish change | 1.5% | 1.6% | ||
Consumer Price Index (MoM) | Bearish change | -0.2% | -0.4% | ||
Consumer Price Index (YoY) | Bearish change | 2% | 1.6% |
Country: | Canada |
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Currency: | CAD |
Source: | Statistics Canada |
Category: | Consumption |
Frequency: | Monthly |