Canadian Retail Sales MoM Prel (Jan) M/M 1.5%

Canadian Retail Sales MoM Prel (Jan) M/M 1.5%.

The preliminary Canadian retail sales figure for January shows a solid increase of 1.5% month-over-month. This suggests robust consumer spending that could indicate strengthening economic activity, potentially influencing the Bank of Canada's policy stance going forward. Watch for market reactions in CAD and equities as this could impact expectations for future rate adjustments.