Canada: Retail Sales fall by 0.6% in September vs. 1.7% expected decline

Market news

19 November 2021

Canada: Retail Sales fall by 0.6% in September vs. 1.7% expected decline

According to the latest figures from Statistics Canada released on Friday, Canadian Retail Sales fell by 0.6% MoM in September, less than the 1.7% expected decline. In August, Retail Sales increased at a MoM pace of 1.8%. Excluding autos, Retail Sales fell by 0.2% MoM in September, less than the 1.0% expected drop, after rising 2.6% MoM in August.

Market Reaction

The loonie has not seen any market reaction to the latest Canadian data and continues to trade on the back foot amid sharply lower crude oil prices and a risk-off market tone.

Currencies. Daily history for Friday, November 19, 2021

Commodities. Daily history for Thursday, November 18, 2021

Market Focus

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