Saturday, August 24, 2019

Canada: Retail sales stayed unchanged in June vs -0.1% expected

According to the information revealed by Statistics North American country on Friday, retail sales in North American country remained unchanged on a monthly basis in June following May's zero.2% decline and came in higher than the market expectation for a fall of zero.1%. additional details of the publication showed that excluding autos, retail sales rose by a powerful zero.9%.



With the initial market reaction, the USD/CAD try alleviated slightly from its highs and was last commercialism at one.3330, adding 0.23% on the day.

A over third-dimensional drop by petroleum costs appear to be advisement on the commodity-related Loonie despite the upbeat information.

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