# Canadian dollar dips after lacklustre retail sales data - The Globe and Mail

> The Canadian dollar edged lower against the US dollar after domestic data showed July retail sales rose 0.4%, below the 0.6% expected. Markets priced about a 30% chance of a Bank of Canada rate cut by year-end.

- Date: 2019-09-20 · published 2019-09-20T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/57322-canadian-dollar-dips-after-lacklustre-retail-sales-data-the-globe-and-mail
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A weaker-than-expected retail reading trims the odds of a Canadian rate hold, which slightly supports USD/CAD upside and modestly affects the cost of Canadian-denominated feed and trade flows.

## Read by commodity

- USDCAD: bullish ▲

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/inside-the-market/market-news/article-canadian-dollar-weakens-after-lackluster-retail-sales-gain/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.