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 -0.8% against a forecast of -0.6%.
Recent economic data has been strongly bearish 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 | Bearish change | 4.75% | 4.5% | ||
Retail Sales ex Autos (MoM) | Bearish change | 1.7% | -1.3% | ||
BoC Consumer Price Index Core (MoM) | Bearish change | 0.6% | -0.1% | ||
BoC Consumer Price Index Core (YoY) | Bullish change | 1.8% | 1.9% | ||
Consumer Price Index (MoM) | Bearish change | 0.6% | -0.1% | ||
Consumer Price Index (YoY) | Bearish change | 2.9% | 2.7% |
Country: | Canada |
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Currency: | CAD |
Source: | Statistics Canada |
Category: | Consumption |
Frequency: | Monthly |