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Canada news

Canada Core Retail Sales m/m 10/22/09

by Henry Liu on October 21, 2009

8:30am (NY Time) CA Core Retail Sales m/m        Forecast 0.5%     Previous-0.8%
ACTION:  USD/CAD      BUY -0.1%         SELL 1.1%

We’ll trade the Core Retail Sales release from Canada, not the headline release, which has a consensus expectation of 0.6% instead of the 0.5%. Core Retail Sales release is a measurement of the activities at the retail level of Canada, excluding most volatile Automobile Sales Components, which makes up about 25% of Retail Sales headline number. A better release on the Retail sales number means more consumption, which leads to better economy, thus better for its currency.  And of course the CORE reading provides a more accurate look of the actual economy.

Click on post title above to read the full article.


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Canada Core Retail Sales m/m 09/22/09

by Henry Liu on September 21, 2009

[flv:http://www.newsprofiteer.com/092209-cadretail/092209-cadretail.mp4 480 360]

8:30am (NY Time) CA Core Retail Sales m/m        Forecast 0.1%     Previous 1.0%
ACTION:  USD/CAD      BUY -0.5%         SELL 0.7%

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Our focus will be on the Core Retail Sales release, which is a measurement of the activities at the retail level of Canada, excluding most volatile Automobile Sales Components, which makes up about 25% of Retail Sales headline number. A higher Retail sales number means better economy, thus better for its currency.  And of course the CORE reading provides a more accurate look at the retail spending of the economy.

Click on post title above to read the full article.


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