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 0.6%. 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 0.9% against a forecast of 0.6%.
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 Interest Rate Decision | (no change) | 2.25% | 2.25% | ||
| Ivey Purchasing Managers Index | Bearish change | 61.5 | 61.3 | ||
| Ivey Purchasing Managers Index s.a | Bullish change | 57.7 | 58.2 | ||
| Average Hourly Wages (YoY) | Bearish change | 4.8% | 3.2% | ||
| Net Change in Employment | Bullish change | -17.7K | 87.8K | ||
| Unemployment Rate | Bullish change | 6.9% | 6.6% |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Consumption |
| Frequency: | Monthly |