Retail Sales in Canada increased by 1.3% in November. USD/CAD holds steady near daily tops, above 1.2700 mark. Retail sales rose at their fastest pace since September, up 1.3% to $55.2 billion in November, data published by Statistics Canada showed on Friday. The reading was well above consensus estimates pointing to a tiny rise of 0.1%. “Core retail sales—which exclude gasoline stations and motor vehicle and parts dealers—rose 2.6%,” the press release further read. Market reaction The Canadian dollar remained depressed amid a weaker tone surrounding crude oil prices. Meanwhile, the USD/CAD pair was seen trading near the top end of its daily range, just above the 1.2700. 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 EUR/USD Price Analysis: The 21-day SMA near 1.2200 caps the upside FX Street 2 years Retail Sales in Canada increased by 1.3% in November. USD/CAD holds steady near daily tops, above 1.2700 mark. Retail sales rose at their fastest pace since September, up 1.3% to $55.2 billion in November, data published by Statistics Canada showed on Friday. The reading was well above consensus estimates pointing to a tiny rise of 0.1%. "Core retail sales—which exclude gasoline stations and motor vehicle and parts dealers—rose 2.6%," the press release further read. Market reaction The Canadian dollar remained depressed amid a weaker tone surrounding crude oil prices. Meanwhile, the USD/CAD pair was seen trading near the top end… 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.
