Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.
The typical/expected impact on CAD pairs is medium.
The consensus forecast for Retail Sales ex Autos (MoM) is 0.5%. 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 ex Autos (MoM) was -0.7% against a forecast of 0.3%.
Recent economic data has been moderately bullish for CAD. Other recent announcements which may affect the market's interpretation of the next Retail Sales ex Autos (MoM) result:
Previous | Latest | ||||
---|---|---|---|---|---|
BoC Consumer Price Index Core (MoM) | Bullish change | 0% | 0.4% | ||
BoC Consumer Price Index Core (YoY) | Bullish change | 1.6% | 1.7% | ||
Consumer Price Index (MoM) | Bullish change | -0.4% | 0.4% | ||
Consumer Price Index (YoY) | Bullish change | 1.6% | 2% | ||
Average Hourly Wages (YoY) | Bullish change | 4.5% | 4.9% | ||
Net Change in Employment | Bearish change | 46.7K | 14.5K | ||
Unemployment Rate | (no change) | 6.5% | 6.5% |
Country: | Canada |
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Currency: | CAD |
Source: | Statistics Canada |
Category: | Consumption |
Frequency: | Monthly |