Canada: Retail Sales decline by 1.4% in March as expected

• Retail Sales in Canada fell in line with expectations.
• Preliminary data points to a 0.2% increase in April.
• USD/CAD stays in a minor range around 1.3480.

The data published by Statistics Canada showed on Friday that Retail Sales declined in March by 1.4% on a monthly basis following February's 0.2% decrease. This reading came as expected. 

Further details of the publication revealed that Retail Sales ex-Autos fell by 0.3% in the same period, less than the 0.8% decline expected. 

Market reaction

This report doesn't seem to be having an impact on the Canadian Dollar's valuation. As of writing, USD/CAD continued to trade around 1.3475, down 20 pips for the day.