Batis Exchange
Statistics Canada reported that retail sales increased by 0.5% in April, reaching $73 billion. The gain was largely driven by stronger spending at fuel retailers and motor vehicle dealerships.
U.S. stock markets continued their upward momentum on Wednesday, with major indexes reaching fresh record highs as falling oil prices boosted investor confidence.
The Canadian dollar and U.S. dollar remained locked in a relatively narrow trading range following the latest policy announcements from the Federal Reserve and the Bank of Canada.
Canadian equities moved lower on Wednesday while U.S. markets delivered mixed performance as investors reacted to escalating concerns surrounding the conflict in the Middle East and another sharp rise in oil prices.
