Seeking Alpha

Canada's February retail sales unexpectedly decline 0.2%, the first fall since July. In volume...

Canada's February retail sales unexpectedly decline 0.2%, the first fall since July. In volume terms, sales declined 0.6%. The fall comes amidst recent hawkish talk from the BoC and analyst expectations of rate hikes this year. The loonie quickly slides 20 pips to $1.0087.
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