Highlights of the Canadian March retail sales report:
- Prior reading was +1.7% (revised to 1.7%)
- Ex autos +0.5% vs +0.4% exp
- Prior ex-autos was +2.0% (revised to 1.8%)
Given the revisions, this is very close to expected in ex-autos and slightly stronger on the headline. At the moment, USD/CAD is more focused on slightly lower CPI numbers but the US dollar is stronger across the board.