At 14:30 (GMT+2), Canada will release April 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). It is likely to adjust from 0.9% to 0.6% MoM, and the base indicator from 1.4% to 0.7%, putting pressure on the exchange rate of the national currency.
