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 0.6% against a forecast of 0.4%.
Recent economic data has been broadly neutral for CAD. Other recent announcements which may affect the market's interpretation of the next Retail Sales (MoM) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Ivey Purchasing Managers Index | Bullish change | 54.1 | 62.7 | ||
| Ivey Purchasing Managers Index s.a | Bullish change | 55.1 | 64.3 | ||
| Average Hourly Wages (YoY) | Bearish change | 3% | 2% | ||
| Net Change in Employment | Bearish change | 75.1K | -41.7K | ||
| Unemployment Rate | (no change) | 6.4% | 6.4% | ||
| BoC Interest Rate Decision | (no change) | 2.25% | 2.25% | ||
| S&P Global Manufacturing PMI | Bearish change | 53.5 | 53 | ||
| Gross Domestic Product (MoM) | (no change) | 0.3% | 0.3% | ||
| Gross Domestic Product (QoQ) | Bullish change | 0.1% | 0.8% | ||
| Gross Domestic Product Annualized | Bullish change | 0.3% | 3.3% | ||
| Current Account | Bullish change | -8.31B | 8.84B |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Consumption |
| Frequency: | Monthly |