The Canadian Dollar showed a weak post-reaction against the Greenback, following the country’s retail sales data. USD/CAD flustiated within the 1.2300-1.2320 range, until Donald Trump’s comments caused an increase, temporary putting the pair above the 1.2360 level.
Canada’s retail sales grew less than anticipated in November, as higher gasoline and electronics prices were restrained by weak new car purchases. Statistics Canada stated that retail sales rose 0.2% in November, less than economists anticipated, following the prior month’s upwardly revised 1.6%. The expansion in volumes of retail sales over the course of both October and November is likely to imply that it would be stronger in the Q4 as a whole.
