Canada: Retail Sales decline by 0.2% in February vs. -0.6% expected
|- Retail Sales in Canada fell at a stronger pace than expected in February.
- USD/CAD stays in positive territory above 1.3500 after the data.
The data published by Statistics Canada showed on Friday that Retail Sales declined by 0.2% on a monthly basis following January's 1.4% increase. This reading came in better than the market expectation for a decrease of 0.6%.
Further details of the publication revealed that Retail Sales ex-Autos fell by 0.7% in the same period.
Market reaction
This report doesn't seem to be having an impact on the Canadian Dollar's valuation. As of writing, USD/CAD was up 0.4% on the day at 1.3530.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.