Canada CPI, retail sales rise in April

Canada CPI, retail sales rise in April

Canada’s consumer prices and retail sales rose in the month of April, according to data released on Friday.

The consumer price index (CPI) rose 0.4 percent last month from a 0.2 percent increase in March, missing forecasts of 0.5 percent soar.

Core CPI stalled from the prior of 0.3 percent rise.

Retail sales edged up 0.7 percent last month, following a 0.4 percent advance in March, compared to forecasts of 0.4 percent soar, where the core reading dipped 0.2 percent.

As of 12:45 GMT, the Loonie (Canadian dollar) strengthened against its U.S. counterpart to trade around 1.3580.

Ahmed Mamdouh

Ahmed Mamdouh, Co-Founder and Head of English Fundamental Analysis at FXComment.com, with 7 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.

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