- Prior was -0.5%
- Ex autos +% vs +% expected
- Prior ex autos -0.7%
- Ex autos and gas +0.9%
- November advance flash estimate -0.5% m/m
- Oct sales up in 6 of 11 subsectors representing 84.4% of trade
The October rise was the best in five months but the boost will be short-lived with early November data showing a contraction. I'm expecting a step-down in Canadian data early in 2023 as higher mortgage rates begin to bite hard.
