Open Demo Account
Home / Breaking News / Canada: Retail Sales rose 0.7% in August

Canada: Retail Sales rose 0.7% in August

Adel 21 October, 2022 4:35 pm Breaking News, Forex Market, Market Update

The data published by Statistics Canada revealed on Friday that Retail Sales grew by 0.7% on a monthly basis in August following June’s sharp contraction of 2.5%. This reading came in better than consensus estimates pointing to a modest rise of 0.4%.

The USD/CAD pair, meanwhile, moves little following the data and maintains its strong bid tone just below mid-1.3800s amid a strong pickup in the US dollar demand.

Tags

Check Also

Where US Economy Stands Prior To Election Results

As voters prepare to choose the next president, the U.S. economy is, by most measures, …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends