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Retail sales rose 2.5% month-over-month (m/m) in December, much stronger than Statistics Canada’s advance estimate of 1.6% growth. In real terms, sales growth accelerated to 2.5% m/m, reflecting robust spending supported by the GST/HST tax break. This is the highest reading since June 2022. Motor vehicle and parts dealers saw sales increase 1.9% m/m, building […]

The post Canada: Retail Sales Jump in December, With Real Activity Reporting Its Strongest Month Since Mid-2022 appeared first on Action Forex.

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09/01/2025

Sluggish Growth & Subdued Inflation Means More Bank of Canada Easing

Summary Canada’s economy appears to have slowed noticeably in late 2024, and prospects are mixed as 2025 begins. The outlook for the household sector is somewhat resilient given firming growth in real incomes, and with interest costs set to decline further in the months ahead. In contrast, sentiment in the corporate sector remains downbeat, while […]
09/02/2024

AUD/USD Struggles While NZD/USD Grinds Higher

AUD/USD is declining below the 0.6540 support zone. NZD/USD is rising and could extend its increase above the 0.6130 resistance zone. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a fresh decline below the 0.6540 level against the US Dollar. There is a connecting bearish trend line forming with […]
03/03/2025

Gold Wave Analysis

Gold broke the support zone Likely to fall support level 2800.00 Gold recently broke the support zone between the key support level 2875.00 (which has been reversing the price from the start of February), the support trendline of the daily up channel from January and the 38.2% Fibonacci correction of the upward impulse from January. […]