Canada Retail Sales decline by 0.1% in August

Retail Sales in Canada fell more than expected in August.
USD/CAD continues to trade in negative territory at around 1.3700.

Eren Sengezer FXStreet

Retail Sales in Canada declined by 0.1% on a monthly basis in August to C$66.08 billion, Statistics Canada reported on Friday. This reading followed the 0.4% growth recorded in July and came in better than the market expectation for a decline of 0.3%.

Retail Sales ex Autos increased by 0.1% in the same period, after rising by 1.1% in July.

Market reaction

The USD/CAD pair showed no immediate reaction to these figures and was lasts seen trading modestly lower on the day at 1.3700.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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