Canada has just released retail sales data with no changes,Nathan Janzen from RBC Economics reports. The USD/CAD pair fell with the news but has recovered to the previous level and is currently trading at 1.3257. Key quotes “Canadian retail sales ended 2019 about where they ended 2018. Excluding price increases, sale volumes in December were up just 0.1% from a year prior.” “Sales on a month-over-month basis were unchanged from November, both including and excluding prices, leaving overall consumer spending on track to post another lackluster increase in Q4 of last year – and in line with our expectation that overall GDP increased little if at all in the quarter.” “E-commerce sales were up a whopping 31.5% from a year ago in December.” “We think the Bank of Canada will ultimately look through most of those transitory disruptions, but underlying growth trends have also been softer, and we continue to pencil in a rate cut from the central bank in April.” 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 Saudi Arabia considering break from oil production alliance with Russia – WSJ FX Street 2 years Canada has just released retail sales data with no changes,Nathan Janzen from RBC Economics reports. The USD/CAD pair fell with the news but has recovered to the previous level and is currently trading at 1.3257. Key quotes “Canadian retail sales ended 2019 about where they ended 2018. Excluding price increases, sale volumes in December were up just 0.1% from a year prior.” “Sales on a month-over-month basis were unchanged from November, both including and excluding prices, leaving overall consumer spending on track to post another lackluster increase in Q4 of last year - and in line with our expectation that… 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.
