others
Retail sales rise 0.2% in May vs. 0.5% expected – Crypto News
- Retail sales in Canada increased at a softer pace than expected in May.
- USD/CAD trades in positive territory above 1.3200 after the data.
Retail sales in Canada rose 0.2% on a monthly basis in May, Statistics Canada reported on Friday. This reading followed the 1% increase recorded in April (revised from 1.1%) and came in below the market expectation of 0.5%.
Retail sales ex Autos remained unchanged in the same period, compared to analysts’ estimate for an increase of 0.3%.
Market response
USD/CAD edged higher with the initial reaction to this report and was last seen rising 0.25% on the day at 1.3205.
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