Canadian retail sales data for August was released today at 1:30 pm BST. Report was expected to show a 0.3% month-over-month drop in headline retail sales as well as 0.1% month-over-month drop in core retail sales (excluding autos). However, actual data turned out to be better than expected with headline sales dropping just 0.1% MoM and core retail sales increasing 0.1% MoM. Canadian dollar gained following the release with USDCAD moving lower. However, the scale of the move was minimal with the pair pulling back less than 0.1%.
USDCAD dropped following release of better-than-expected Canadian retail sales report and moved below 1.3700 mark. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
