Canada retail sales rose 1.1% mom to CAD 63.1B in June, above expectation of 0.4% mom. That’s also the sixth consecutive monthly increase. Sales were up in 8 of 11 subsectors, representing 76.8% of retail trade. Core retail sales, excluding gasoline stations and motor vehicle and parts, rose 0.2% mom.
In the advance estimate, retail sales dropped -2.0% mom in July.
