According to National Bank of Canada’s analyst Krishen Rangasamy the Canadian retail sales report for April was much weaker than forecast but they expected an improvement ion the coming monhts. Key Quotes: “Canadian retail sales slumped 1.2% in April, disappointing consensus which was expecting no change. There were upward revisions to the prior month from +0.6% to +0.8%, although that’s scant consolation.” “The Canadian retail data for April was much weaker than expected, with discretionary sales (i.e. sales excluding gasoline, groceries and health products) sinking at the fastest pace in three years.” “The overall weak retail results have to be interpreted with caution. While the outlook for Q2 Canadian consumption may not look good right now, we expect the picture to improve in the coming months starting with a sharp sales rebound in May.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF retreats below 0.99 as Trump’s comments weigh on market sentiment FX Street 3 years According to National Bank of Canada's analyst Krishen Rangasamy the Canadian retail sales report for April was much weaker than forecast but they expected an improvement ion the coming monhts. Key Quotes: "Canadian retail sales slumped 1.2% in April, disappointing consensus which was expecting no change. There were upward revisions to the prior month from +0.6% to +0.8%, although that's scant consolation." "The Canadian retail data for April was much weaker than expected, with discretionary sales (i.e. sales excluding gasoline, groceries and health products) sinking at the fastest pace in three years." "The overall weak retail results have to be… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
