At 14:30 (GMT+2) in Canada, there will be data on retail sales for January. The indicator captures the volume of all goods sold by retailers on a monthly basis, based on a sample of retail stores of various types and sizes. It is an important indicator of consumer spending and significantly impacts GDP. Sales are expected to rise to 2.4% in January from a negative reading of –1.8% a month earlier. Implementation of the forecast may support the Canadian currency.