At 14:30 (GMT+2), January data on retail sales will be presented in Canada. The indicator monthly records the volume of all goods sold by retailers based on a sample of stores of different types and sizes. It is an important indicator of consumer spending and has a significant impact on gross domestic product (GDP). The January figure is expected to correct from 0.9% to –0.4% and the core value from 0.6% to –0.5%, putting pressure on the Canadian dollar.
