Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Retail sales in Canada were reported to have risen at a monthly rate of 0.7% in April, or the sharpest in a year.

This reversed a 0.3% fall in March.

In April, sales were underpinned by a 4.5% surge in purchases at gas stations, since higher prices magnified the 1.7% increase in sold volumes.

Retail sales, which exclude auto sales in the country, rose 1.8% month-over-month in April, following a revised down 0.8% drop in March.

In annual terms, retail turnover went up 1.8% in April, data by Statistics Canada showed.

For May, retail sales in Canada are projected to have decreased 0.6% month-over-month.

The USD/CAD currency pair settled 0.01% lower at 1.3688 on Friday. For the week, the major currency pair edged down 0.33%.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • WTI futures close to 6-month low as U.S. crude supplies expand, output at 25-year highWTI futures close to 6-month low as U.S. crude supplies expand, output at 25-year high West Texas Intermediate crude fell to the lowest in six months on Wednesday following a series of mixed U.S. data and as the Energy Information Administration reported that U.S. crude oil inventories rose more than projected last week due to […]
  • Gold with minor gains as Fed keeps QE intactGold with minor gains as Fed keeps QE intact Gold gained slightly on Thursday as the FOMC said after its two-day meeting on Tuesday and Wednesday that persistently low inflation could hinder economic expansion and pledged not to taper its monetary easing program.On the Comex division […]
  • Forex Market: GBP/JPY daily trading forecastForex Market: GBP/JPY daily trading forecast Friday’s trade saw GBP/JPY within the range of 193.78-194.64. The pair closed at 194.46, up 0.11% on a daily basis and extending gains from Thursday. In weekly terms, the cross appreciated 1.02%, which has been the most considerable weekly […]
  • Singapore manufacturing production rises the most since June 2021Singapore manufacturing production rises the most since June 2021 Singapore’s manufacturing output has increased at an annualized rate of 21% in August, while picking up from a 2% growth in July.It has been the fastest rate of growth since June 2021.The latest data far exceeded market consensus […]
  • Forex Market: AUD/HKD daily forecastForex Market: AUD/HKD daily forecast During Friday’s trading session AUD/HKD traded within the range of 7.2383-7.2901 and closed at 7.2846.At 6:35 GMT today AUD/HKD was losing 0.07% for the day to trade at 7.2794. The pair touched a daily low at 7.2744 at 1:45 […]
  • Forex Market: EUR/GBP daily trading forecastForex Market: EUR/GBP daily trading forecast Yesterday’s trade saw EUR/GBP within the range of 0.7917-0.7943. The pair closed at 0.7939, gaining 0.28% on a daily basis.At 7:13 GMT today EUR/GBP was down 0.07% for the day to trade at 0.7935. The pair touched a daily low at 0.7934 at […]