Canada retail sale for March 1.1% vs 1.2% est

Author: Greg Michalowski | Category: News

Retail sales for March

Canada retail sales highest since May

  • Canada retail sales came in at 1.1% versus 1.2% estimate
  • Ex auto better at 1.7% vs 0.9% estimate
  • The prior month headline number revised higher from 0.8% to 1.0%
  • The prior month ex auto also revised higher from 0.6% to 0.7%
  • sales rose and  7 of 11 sectors representing 39% of total retail sales
  • The gain was the fastest since May
  • largest contributor was gasoline station, +0.64%
  • largest downside contributor was new-car dealers, -0.46%
  • e-commerce sales were C$1.578 billion which was up 20% from a year earlier represent 3.2% of total retail sales
The better data has the USDCAD moving lower with the pair moving toward its 38.2% of the move up from the 2019 low at 1.3347 the next target. Below that the 100 day MA at 1.33295 is another targeted area.  

USDCAD moves toward the 30.2% retracement of 1.33473 and the 100 day moving average of 1.33295
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose