
At 14:30 (GMT+2), Canada will release May Retail Sales data, which measures the volume of all goods sold by retailers based on a sample of retail store types and sizes. This is a key indicator of consumer spending and it has a significant impact on Gross Domestic Product (GDP). A correction from –0.3% to –0.1% in basic terms is predicted, which could still act as a driver of the downward dynamics of the Canadian currency.

