At 14:30 (GMT+2), Canada will release May 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 indicator is likely to adjust from 0.5% to 1.0% MoM, while the core indicator is expected to move from 0.1% to 1.4%, supporting the exchange rate of the national currency.
