At 14:30 (GMT+2), Canada will release January retail sales data – a measure that tracks the volume of all goods sold by retailers each month, 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). The value is likely to remain around −0.4% MoM, while the core indicator is expected to adjust from 0.1% to 1.2%, acting as a driver of the upward movement of the Canadian dollar.
