Canadian Retail Sales Ex Autos MoM (Dec) M/M 0.1% vs. Exp. -0.3% (Prev. 1.6%, Rev. From 1.7%, Low. -0.8%, High. 0.2%)

Canadian Retail Sales Ex Autos MoM (Dec) M/M 0.1% vs. Exp. -0.3% (Prev. 1.6%, Rev. From 1.7%, Low. -0.8%, High. 0.2%)

The Canadian retail sales data for December came in stronger than expected, with a monthly increase of 0.1% versus an anticipated decline of -0.3%. This unexpected uptick suggests resilience in consumer spending, which could influence expectations for the Bank of Canada's monetary policy stance and support the CAD in the FX markets, as it may imply a less dovish outlook going forward.