Canada retail sales data for June was released at 1:30 pm BST. Report turned out to be mixed and did not trigger any major moves on the market. Highlights of the report:
- Headline: 4.2% MoM vs 4.4% MoM expected (-2.1% MoM previous)
- Ex-autos: 4.7% MoM vs 4.6% MoM expected (-2.0% MoM previous)
- The flash estimate for July most likely felt -1.7%
- e-commerce sales account 45.8% of total retail sales
USDCAD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.2900 level. Source: xStation5
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