Canadian March retail sales +0.3% m/m

Canadian March retail sales rose +0.3% m/m vs +0.2% in February, but slightly below the median forecast of +0.5%. Ex autos came in at -0.2%, slightly below median forecast of -0.1%.

It is the third consecutive rise in retail sales.

Canadian dollar having a great day against the backdrop of general USD weakness and bouyant risk sentiment. USD/CAD is down at 1.1220 presently having started out in Europe up around 1.1340.