Core Retail Sales measures the change in the total value of sales at the retail level in Canada, excluding automobiles. It is an important indicator of consumer spending and is also considered a pace indicator for the Canadian economy. A higher than expected reading should be taken as positive/bullish for CAD, while a lower than expected reading should be taken as negative/bearish for CAD. In January, the indicator is expected to grow from -0.5% to 0.2% MoM.
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