The retail sales in november in Canada they rose 0.7% in November, less than the 1.2% increase in market consensus. In October they had advanced 1.5% (revised from 1.6%). Not taking into account vehicles, sales rose 1.1%, less than the 1.3% estimate.
The Preliminary data point to a fall in December of more than 2% in retail sales.
Another report released at the same time indicated that the New Home Price Index rose 0.2% in December, below the expected increase of 1.2% and less than the 0.8% of the previous month. Compared to twelve months ago, the rise was 11.6%, very similar to the previous 11.7%.
The USD / CAD remained range bound around 1.2520/30, unaffected by economic numbers. As for data on Friday, the Conference Board’s US Consumer Confidence Index remains to be released.
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