CAD’s selloff resumes after disappointing data from Canada.
Headline retail sales rose 0.4% mom in February, below expectation of 0.5% mom.
Ex-auto sales was even worse, flat mom, versus expectation of 0.5% mom rise.
Headline CPI rose 0.3% mom, 2.3% yoy in March, below expectation of 0.4% mom, 2.4% yoy. February’s figure was 0.6% mom, 2.2% yoy.
Core CPI common was unchanged at 1.9% yoy, below expectation of 2.0% yoy.
Core CPI median was unchanged at 2.1% yoy, below expectation of 2.2% yoy.
Core CPI trim slowed to 2.1% yoy, down from expectation of 2.1% yoy and missed expectation of 2.1% yoy.
