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Canada January retail sales -0.6% vs -0.4% expected
CAD
- Prior was +2.5% (revised to +2.6%)
- February advance reading -0.4%
- Jan ex-autos +0.2% vs -0.2% expected
This is a decent number on the headline and particularly on ex-autos but my focus is on February after tariff threats turned real. The -0.4% is surprisingly good and should help the loonie.
Source: Forex Live
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