Canadian Retail Sales data for May are due at 14:30 (GMT+2). Retail Sales indicator monthly measures the change in the total value of sales at the retail level, based on a sample of retail stores of different types and sizes. It is the primary indicator of consumer spending, which influences the GDP. Sales are expected to grow to 1.6% in May from 0.9% a month earlier. If the forecast proves to be true, this may render support to CAD.
