Investing.com - Retail sales in Canada increased more than expected in May, official data showed on Friday.
In a report, Statistics Canada said that Canadian, retail sales rose 0.2% in May, above the forecast that had pointed to no change and compared to the 0.8% advance in the prior month that was revised from the original gain of 0.9%.
Core retail sales, excluding automobiles, advanced by a seasonally adjusted 0.9%, from a 1.3% advance the preceding month.
Analysts had expected Canadian core retail sales to rise just 0.3% in April.
After the report which was released simultaneously with inflation data, USD/CAD traded at 1.3059, compared to 1.3098 prior to the release.