NZD/CAD traded at 0.9484 with a decrease of 0.02% at 9:28 GMT on April 23. At 7:10 GMT, the pair hit its daily low level at 0.9475. On April 22, the NZD/CAD traded to close at 0.9498. Estimates from median analyst reveal that in February, the retail sales increased by 0.5% in Canada. The retail sales in January were at 1.3% increase.
The Canadian retail sales, important component of GDP and the key monthly indicator of consumer purchases, indicates the overall production of the Canadian economy. Retail sales moved up by 0.5% in February excluding autos. This is followed by a 1% increase in the previous month.
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