Highlights of the Canadian retail sales report:
- Prior was +0.8%
- Ex-autos +0.2% vs +0.2% exp
- Prior ex-autos was 0.0%
- Ex-autos, ex-fuel +0.4%
- Appliances (+3.2%) and building materials (+2.0%) were strong while auto sales were light (-0.6%).
These are good numbers but the market is focus on the soft inflation data.
