Retail spending in Canada is widely expected to improve for the third consecutive month in July, with economists forecasting household consumption to increase 0.5% from the previous month, and the data is likely to drive the exchange rate higher as the Bank of Canada projects the world’s eighth largest economy to emerge from the recession in the third quarter.
Trading the News: Canadian Retail Sales
What’s Expected
Time of release: 09/22/2009 12:30 GMT, 08:30 EST
Primary Pair Impact : USDCAD
Expected: 0.5%
Previous: 1.0%
Effect the Canadian Retail Sales had on USDCAD for the past 2 months
| Period | Data Released | Estimate | Actual | Pips Change (1 Hour post event ) | Pips Change (End of Day post event) |
| Jun 2009 | 08/24/2009 12:30 GMT | 0.2% | 1.0% | -37 | -15 |
| May 2009 | 07/22/2009 12:30 GMT | 0.5% | 1.2% | +8 | -40 |
