Canadian Dollar Reacts Negatively to Retail Sales Report

Jun 22,2019 13:24   Source:Earnforex
The Canadian dollar declined against its most-traded rivals, being the weakest major currency today. One of the reasons for the currency’s awful performance was unexpectedly slow growth of Canadian retail sales. Statistics Canada reported that retail sales rose just 0.1% in April from March. Core retail sales (those that exclude volatile components, namely motor vehicle and parts dealers) also rose 0.1%. Ahead of the report, analysts […]

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