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Canada retail sales up 0.1% mom in Jun

ActionForex
By ActionForex

Canada retail sales rose 0.1% mom to CAD 65.9B in June, above expectation of 0.0% mom. Excluding gasoline stations and fuel, motor vehicle and parts dealers, sales were down -0.9% mom. In volume terms, retail sales dropped -0.2% mom.

For Q2 as a whole, sales were unchanged in value terms, and down -0.8% qoq in volume terms.

Advance estimate suggests that sales rose 0.4% mom in July.

Full Canada retail sales release here.

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