At 15:30 (GMT+2), Canada will release November retail sales data, reflecting the volume of all goods retailers sold based on a sample of stores of different types and sizes. It is an important indicator of consumer spending, which has a significant impact on gross domestic product (GDP). A correction from −0.2% to 1.2% MoM and from −0.6% to 1.2% on a core basis is forecast, which may drive the upward dynamics of the Canadian currency.
