Canada is set to release its retail sales report for March at 8:30 am ET. Retail sales growth are expected to have slowed to 0.1 percent month-on-month in March following 0.8 percent growth recorded in February. Stripping out autos, sales are expected to ease to 0.1 percent from last month's 0.7 percent growth.
The Canadian dollar held steady against its major counterparts ahead of the report. As of 8:25 am ET, the loonie was trading at 1.03 against the greenback, 100.05 against the yen and 1.3313 against the euro.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.