Retail sales in Canada declined unexpectedly in August. The USD/CAD pair rose above the 1.31 mark with the knee-jerk reaction. The data published by Statistics Canada on Tuesday revealed that retail sales in Canada contracted by 0.1% on a monthly basis in August following July’s increase of 0.6% and fell short of the market expectation of +0.4%. Retail sales excluding autos in the same period came in at -0.2%. “Sales in the retail trade sector edged down 0.1% in August to $51.5 billion. Sales were down in six subsectors, representing 51% of retail trade,” Statistics Canada noted in its press release. With the initial market reaction, the Loonie came under pressure and the USD/CAD pair was last seen trading at 1.3112, adding 0.2% on the day. 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 Bitcoin critic Peter Schiff explained why BTC may collapse to $2,000 FX Street 3 years Retail sales in Canada declined unexpectedly in August. The USD/CAD pair rose above the 1.31 mark with the knee-jerk reaction. The data published by Statistics Canada on Tuesday revealed that retail sales in Canada contracted by 0.1% on a monthly basis in August following July's increase of 0.6% and fell short of the market expectation of +0.4%. Retail sales excluding autos in the same period came in at -0.2%. "Sales in the retail trade sector edged down 0.1% in August to $51.5 billion. Sales were down in six subsectors, representing 51% of retail trade," Statistics Canada noted in its press… Regulated 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.
