Prior month 0.5% vs 0.4% previously
The retail sales in Canada are a beat at 0.6% vs 0.3% expected. Autos helped the report. The ex autos was a big disappointment though at -0.2% vs 0.5% gain expected.
- Retail sales up 0.6%
- Ex autos and parts down -0.2%. That is a miss from the 0.5% expected gain
- YoY retail sales +4.1% and ex auto and parts +3.7%
- The prior month was revised to +0.5% from 0.4%. The ex auto remained the same at 0.0%.
The headline was good but all the gains are in autos and parts. The rest of the data disappointed. The USDCAD reaction is to the upside on the combo CPI and retail sales data.
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