Canadian retail sales decline
Retail sales figures for Canada have declined -0.8% on the month for April, with ex auto retail sales figures falling 0.5%.
These figures are worse than expected by markets and have led to a decline in Canadian dollar exchange rates versus the greenback, from today's opening price. A decline of -0.1% decline was expected and the April figure is significantly more than the -0.2% decline experienced in March. The result may briefly fuel risk aversion in the market with today's trading likely to be volatile in the absence of other major economic data.
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The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.