Canada is a bit tardy with retail sales data with the May data finally ready for release but, hey, it’s a big, sparse country and it takes awhile for the dog sled drivers to gather all the data.
The numbers are due at the bottom of the hour with sales expected up 0.6% and 0.3% ex-autos.
The Canadian dollar is on a bit of a run, pushing USD/CAD down to 1.0715. A break of last week’s low of 1.0708 would signal a retest of the June lows near 1.0625.
