Scarce economic data redirects investors’ focus to
Monday’s release of Canadian retail sales. Retail sales excluding volatile
component auto sales are expected to increase, which may result in a USDCAD move
in favor of Loonie bulls. Next week’s calendar is light with retails sales
headlining on Monday followed by Thursday’s release of business conditions
orders.
Previous 24 hours:
There were no economic indicators
scheduled over the past 24 hours.
Next 24 hours:
Retail
Sales (MoM) (MAY)
Expected: 0.4%
Previous: 0.4%
Retail
Sales Less Autos (MoM) (MAY)
Expected: 0.5%
Previous:
0.0%
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