Canada April retail sales +0.9% vs +0.8% expected

• Prior was 0.0%
• The April flash estimate from Statistics Canada was +0.8%
• May flash estimate +1.6%
• Sales up in 6 of 11 subsectors led by general merchandise
• Core sales +1.0%
• Largest decline was in building material and garden equipment and supplies -4.3% (first decline in 4 months)
• Gasoline stations +3.0%

USD/CAD USD/CAD The USD/CAD is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Canadian dollar of Canada (symbol $ code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed in order to purchase one US dollar. For example, when the USD/CAD is trading at 1.3500, it means 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the world’s most traded currency, whilst the Canadian dollar (CAD) is the world’s seventh The USD/CAD is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Canadian dollar of Canada (symbol $ code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed in order to purchase one US dollar. For example, when the USD/CAD is trading at 1.3500, it means 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the world’s most traded currency, whilst the Canadian dollar (CAD) is the world’s seventh Read this Term was trading at 1.2947 ahead of the release. The important number in this report is the flash estimate. These numbers have proven to be reliable, as you can see with the April flash reading. A further 1.6% increase in May is partially a product of gasoline prices but it shows the Canadian consumer has money in his wallet.