Retail Sales in Canada increased by 0.7% on a monthly basis to C$66.9 billion, Statistics Canada reported on Thursday. This reading followed a 0.5% advance in September (revised from 0.6%) and came in below the expectation of a 0.8% increase expected.
In the same period, Retail Sales ex Autos rose by 0.6%, above the 0.5% of market consensus. "Core retail sales—which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers—were up 1.2% in October," the press release further read.
Statistics Canada provided an advance estimate of retail sales for November, "which suggests that sales were relatively unchanged".
The USD/CAD fell from 1.3350 after the release of Canadian and US economic data (Philly Fed, Jobless Claims and Q3 GDP). The Greenback weakened after the report with the US Dollar Index falling to fresh daily lows under 102.00.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.