The retail sales in Canada in August they rose 0.4%, a figure that was below the market consensus which was for an increase of 1.1%. In July they had risen 1.1%.
The sales without taking into account vehicles rose 0.5%, also below analysts’ expectations for a 0.9% rise. They also rebounded after the 0.4% drop in July.
At the same time the new home price index in September it increased 1.2%, above the 0.5% expected. Compared to a year ago, they increased 3.2%.
Together with these data, the inflation data for September were released, which were generally within expectations. The loonie was not impacted by the data and the subsequent retracement of the USD / CAD occurred due to a greater weakness of the dollar in the market.
Credits: Forex Street
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