Core Retail Sales m/m (CAD) comes in at 0.5% against -0.3% consensus
| Pair | Now | Since publish |
|---|---|---|
| USDCAD | — | — |
Canada’s Core Retail Sales month over month was reported at 0.5% for the latest period. This figure significantly exceeded the market consensus expectation of -0.3%. The previous month’s reading was 1.2%. The actual print represented a 266.7% surprise relative to the consensus forecast.
Following the release, FXC Terminal’s price feed showed varied movements across CAD pairs in the first 15 minutes. USDCAD moved +6.3 pips, while GBPCAD moved -3.7 pips. NZDCAD saw a -2.8 pip change, and AUDCAD moved -0.6 pips. CADCHF was up +1.2 pips, and CADJPY was down -0.5 pips. EURCAD showed no change at 0.0 pips. For context, the median 1-hour move for USDCAD after past releases has been 12 pips, and for GBPCAD it has been 18 pips. The measured moves in the initial 15 minutes were generally small compared to the typical median 1-hour moves observed after similar past releases.