Forex
Canadian retail sales fall less than expected in July
Canada's retail sales fell 0.7% in July, a smaller drop than the 0.8% decline economists had forecast, after a 0.6% rise in June.
Retail sales excluding autos also fell 0.7%, more than the 0.5% decline expected. An advance estimate points to a 1.3% rebound in August.
For beginners Retail sales show how much consumers are spending, which makes up a large share of economic growth; weaker or stronger than expected figures can shift expectations for the central bank's next move and move the currency.