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Forex News: Canada Retail Sales +0.1 and Unchanged less Autos

Posted by Greg Michalowski on Thu, 05/22/2008 - 8:42am in

Canada Retail Sales

The number was weaker than expected. For the quarter the retail sales increased by 1.8% due to a strong January. Clothing and accesory store sales fell 2.6%. Building supplies -0.5%. Food and Beverage +0.3%. Autos up 0.4%.

USDCAD rose off the weaker number - taking a break from the weakness of the pair off the rise in oil prices of late.