Canadian Retail Sales MoM Prel (Feb) M/M 0.9% (Prev. 1.5%)
Newsquawk Staff ·
Canadian Retail Sales MoM Prel (Feb) M/M 0.9% (Prev. 1.5%)
What it means
The preliminary Canadian retail sales figure for February shows a 0.9% month-over-month increase, down from January's stronger 1.5% gain. This miss relative to prior performance might suggest a cooling in consumer spending, which could influence the outlook for monetary policy and the Canadian dollar's positioning in the FX market.
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