Home Canada: Retail Sales declined 0.1% in September as expected
FXStreet News

Canada: Retail Sales declined 0.1% in September as expected

FX Street
Updated:
  • CAD capitalizes on Canadian Retail Sales data on Friday.
  • USD/CAD pair trades at fresh three-day lows near 1.3250.

Retail Sales in Canada decreased for the first time since June, losing 0.1% to $51.6 billion, the monthly data published by Statistics Canada showed on Friday.  

“The decline came from lower sales at motor vehicle and parts dealers and gasoline stations. Excluding these two subsectors, retail sales rose 0.7%,” the publication read. “After removing the effects of price changes, retail sales in volume terms decreased 0.1%.”

With the initial market reaction, the CAD gathered strength against its peers and dragged the USD/CAD pair to 1.3250 area.  

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.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024