OTTAWA, Aug 23 (Reuters) - Canada's retailsales dropped in June, data showed on Friday, as consumers continued to feel the impact of high interest rates and cut back on discretionary purchases.
Canadian retail sales grew by 0.9% in July from June, eclipsing forecasts for a gain of 0.6%, while a preliminary estimate showed sales up 0.5% in August.
USD/CAD: Canadian Dollar Eyes Retail Sales Ahead of BoC By Kenny Fisher - Jul 19, 2024 1 The Canadian dollar is calm on Friday. In the European session, USD/CAD is trading at 1.3709, up 0.04% on ...