Canada Retail Sales fall unexpectedly
The Canada Retail Sales fell by -0.8% versus expectation of 0.1% increase. The Less Autos number also came in weaker at -0.5% vs -0.1%. This should pressure the Cad$ (higher USDCAD). However, it runs in the face of the trend so far. Oil prices area higher today which has pressured the USDCAD overnight.
Most of the categories were lower than last month.
Automotive -1.9% vs 0.6% last month
Gas stations -1.9% vs -3.0% last month
Furn/electronics -0.8% vs -0.1% last month
Building supplies 0.3% vs -0.5% last month
Food & beverage -1.0% vs 0.7% last month
Supermarkets -0.7% vs 0.8% last month
Pharmacies -0.4% vs 0.4% last month
Clothing - 0.6% vs -1.3% last month
Loading ...
No Responses to “Canada Retail Sales fall unexpectedly”
Add a comment