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 0.9% against a forecast of 0.6%.
Recent economic data has been moderately bullish for CAD. Other recent announcements which may affect the market's interpretation of the next Retail Sales (MoM) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| S&P Global Manufacturing PMI | Bearish change | 53.3 | 52.9 | ||
| Gross Domestic Product (MoM) | Bearish change | 0.2% | -0.1% | ||
| Gross Domestic Product (QoQ) | Bullish change | -0.2% | 0% | ||
| Gross Domestic Product Annualized | Bullish change | -1% | -0.1% | ||
| Current Account | Bearish change | -1.01B | -7.2B | ||
| Retail Sales ex Autos (MoM) | Bullish change | 0.6% | 1.4% |
| Country: | Canada |
|---|---|
| Currency: | CAD |
| Source: | Statistics Canada |
| Category: | Consumption |
| Frequency: | Monthly |