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Loonie Steady Ahead Of Canada's Retail Sales, Leading Indicators Data

5/23/2012 8:27 AM ET

Canada is set to release the retail sales report for March and leading indicators data for April at 8:30 am ET.

Retail sales are expected to increase 0.3 percent in the month, compared to a 0.2 percent decline in February. Stripping out autos, retail sales are forecast to remain unchanged at 0.5 percent.

Leading indicators are seen slowing to 0.3 percent in April from previous month's figure of 0.4 percent.

The Canadian dollar held steady against its major counterparts ahead of the data. As of 8:25 am ET, the loonie was trading at 1.2949 against the euro, 77.75 against the yen and 1.0221 against the US dollar.

by RTT Staff Writer

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