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.
There is no forecast value for Retail Sales (MoM) yet - check back for updates.
The most recent announced value for Retail Sales (MoM) was 0.4% against a forecast of 0.5%.
Recent economic data has been moderately bearish for CAD. Other recent announcements which may affect the market's interpretation of the next Retail Sales (MoM) result:
Previous | Latest | ||||
---|---|---|---|---|---|
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% | ||
Ivey Purchasing Managers Index | Bearish change | 54.5 | 52.2 | ||
Ivey Purchasing Managers Index s.a | Bearish change | 53.1 | 52 | ||
S&P Global Manufacturing PMI | Bullish change | 50.4 | 51.1 | ||
Gross Domestic Product (MoM) | Bearish change | 0.1% | 0% |
Country: | Canada |
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Currency: | CAD |
Source: | Statistics Canada |
Category: | Consumption |
Frequency: | Monthly |