Canada retail sales dropped -0.1% mom in August to CAD 51.5B, below expectation of 0.4% mom. Ex-auto sales dropped -0.2% mom, above expectation of -0.3% mom. Sales were down in six sectors, representing 51% of total retail trade.
Retail sales in Ontario dipped -0.8%. In Manitoba (-1.6%) retail sales were down for the first time in three months. Sales rebounded in British Columbia (+0.8%) and New Brunswick (+3.8%).
