Monday: Retail Sales

Scarce economic data redirects investors? focus to Monday?s release of Canadian retail sales. Retail sales excluding volatile component auto sales are expected to increase, which may result in a USDCAD move in favor of Loonie bulls. Next week?s calendar is light with retails sales headlining on Monday followed by Thursday?s release of business conditions orders.

[B]Previous 24 hours:
[/B]There were no economic indicators scheduled over the past 24 hours.
Next 24 hours:
Retail Sales[/B] (MoM) (MAY)
Expected: 0.4%
Previous: 0.4%
[B]Retail Sales Less Autos[/B] (MoM) (MAY)
Expected: 0.5%
Previous: 0.0%

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