Canada: Retail Sales rise by 4.2% in June vs. 4.4% expected

Retail Sales in Canada rose much less than anticipated in June.
USD/CAD clings to every day positive factors round 1.2900 after the data.
Retail Sales in Canada rose with the aid of 4.2% on a month-to-month foundation in June, the facts posted through Statistics Canada confirmed on Friday. This studying accompanied May’s contraction of 2.1% and got here in barely weaker than the market expectation for an make bigger of 4.4%.

Excluding automobiles, Retail Sales in Canada accelerated through 4.7% on a month-to-month basis.

Other records from Canada showed that the New Housing Price Index was once up 11.9% in July, matching June’s print.

Market reaction
The USD/CAD pair confirmed no on the spot response to these statistics and was once closing viewed rising 0.59% on a each day groundwork at 1.2901.

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