Canada Core Retail Sales (CAD) – 23/01

 

What is it? It checks the change in the total value of sales at the retail level, excluding automobiles.

Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.

When? January 23rd at 8:30am Eastern Time.

Trading Tip: If the actual higher is lower than the forecast, you can expect the CAD to rise.

 

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