• Headlines Retail Sales growth missed expectations in March but Core sales were robust. 
• The loonie did not react to the latest Canadian Retail Sales figures. 

Retail Sales in Canada remains unchanged in March versus a month earlier, the latest report from Statistics Canada on Thursday showed. That was a miss on expectations for a MoM growth rate of 1.4%. That marked a slowdown after February's growth rate of 0.2%. Statistics Canada also released its preliminary estimate for Retail Sales growth in April, which it expects to come in at 0.8% MoM. 

Despite the weaker than anticipated headline figures, Core Retail Sales grew at a robust pace of 2.4% MoM in March, a little above the expected growth rate of 2.0%. 

Market Reaction

The loonie did not react to the latest Canadian Retail Sales figures.