The main slice of economic data in North American trading is the Canadian retail sales report at the bottom of the hour.
The consensus is for a 0.5% rise in July following a 1.1% rise the month before. On the ex-autos side, the consensus is for a flat reading after a 1.5% rise in June.
The previous report was super-strong and included upward revisions to the May data so there might be a bit of give-back. Sales have exceeded estimates for three months in a row.
On ex-autos, estimates range from -0.8% to +0.4%.
USD/CAD is near 1.1000 and flirting with the 50% retracement of yesterday's gains ahead of the data.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.