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Canada's retail sales slips, Canadian dollar edges higher
['Kenneth Fisher', 'Market Analyst']
MarketPulse
The Canadian dollar is in negative territory for a third straight day.
In the North American session, USD/CAD is trading at 1.3820, up 0.18% on the day.
Canada's retail sales slideCanada's retail sales declined by 0.8% m/m in July, a sharp dowrturn from the 1.6% gain in June.
The volatility in retail sales reflects uncertainty over the US tariffs, which has affected consumer spending.
August is expected to show a rebound, with a preliminary estimate of a 1% gain, which would make up for the July decline.
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