Big data day for Canada; Retail sales and inflation

Canada will have a busy day on Friday as the North American country will publish its retail sales report for May and the consumer price index for June. Canadian Dollar is testing the 1.3300 area.

Retail sales in Canada are expected to recover in May almost all the decline performed in April. sales for the retail industry are expected to rise 1.1% in May, a recovery after the 1.2% decline performed on April. Ex-autos, retail sales are expected to rise 0.7% in May, more than the 0.1% decline of April.

Inflation in Canada to hurt the US Dollar as experts are considering an upbeat number with a monthly inflation of 01% in June.

Year over year, consumer price index is expected to rose 2.4% in June. It would be an acceleration from the 2.2% performed in April.

Inflation from the Bank of Canada would come as a 0.3% increase, better than the inflation of 95.13. The Bank of Canada consumer price index was capped at the 1.3356 points

Latest News