The Canadian dollar might trade on economic data for a change

Retail sales due up next

With all the sudden housing wealth in Canada, I expect a good run of retail sales in the coming months.

The consensus estimate is 0.0% after a whopping 2.2% rise last month. For ex-autos, the consensus is -0.3% after a 1.7% rise. Estimates range from -0.7% to +0.3%.

The loonie has been caught in a trade war over dairy and lumber along with the usual push-and-pull from oil.

The Canadian dollar might trade on economic data for a change
The Canadian dollar might trade on economic data for a change
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