Canada: Retail Sales increase by 1.1% in September vs. 1% expected
- Retail Sales in Canada rose more than expected in September.
- USD/CAD continues to trade in the negative territory around mid-1.3000s.
Retail Sales in Canada rose by 1.1% on a monthly basis in October to $53.9 billion, the data published by Statistics Canada showed on Friday. This reading followed August's increase of 0.4% and came in slightly lower than the market expectation of 1%.
"Rounding out the third quarter, retail sales were up 22.6% compared with the second quarter. In volume terms, retail sales rose 21.5%," the publication further read.
Market reaction
The USD/CAD showed no immediate reaction to this report and was last seen losing 0.15% on a daily basis at 1.3050.
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