HomeLive CommentsCanada retail sales dropped -1.2%, ex-auto sales dropped -0.5%

Canada retail sales dropped -1.2%, ex-auto sales dropped -0.5%

ActionForex
By ActionForex

Canada retail sales dropped -1.2% mom to 50.9B in October, well below expectation of 0.1% mom rise. Ex-auto sales dropped -0.5% mom, also missed expectation of 0.2% mom. Lower sales were reported in 8 of 11 subsectors, representing 81% of retail trade. Also, sales were down in six provinces. Retail sales dropped -2.0% in Ontario, -1.7% in Quebec, -0.9% in British Columbia.

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