Canadian Retail Sales MoM Prel (Mar) M/M 0.6% (Prev. 0.9%)
Context
The preliminary March data for Canadian retail sales printed at 0.6%, which is a slowdown from the previous 0.9%. This trend may signal a cooling in consumer spending, potentially influencing the BoC's monetary policy outlook and the Canadian dollar's performance, particularly if the trend continues in subsequent months.
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