OctaFX | OctaFX Forex Broker
Open trading account

Canada: Retail Sales unchanged in December at $51.6 billion vs. +0.1% expected

  • Retail Sales in Canada stayed unchanged in December.
  • USD/CAD pair trades in positive territory above 1.3260.

Retail Sales in Canada remained virtually unchanged in December at $51.6 billion following November's increase of 1.1% (revised from 0.9%), Statistics Canada reported on Friday. This reading came in worse than the market expectation of +0.1%.

"Retail sales decreased 0.2% in the fourth quarter, after increasing 0.3% in the third quarter," the publication read. "Retail sales volumes were down 0.5%, following a 0.3% increase in the third quarter."

USD/CAD reaction

The USD/CAD pair rose modestly after the uninspiring data and was last seen trading at 1.3262, adding 0.02% on the day.

Gold continues spiraling – TDS

Gold continues its surge north of $1,600/oz, driven by a combination of coronavirus uncertainty and a Federal Reserve that remains anxious about infla
Read more Previous

Oil: Slightly increase – TDS

Energy markets have received a lift off the bottom of late as risk appetite normalizes somewhat. Oil needs to receive more news before moving higher,
Read more Next
Start livechat