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Canada retail sales fell -0.1% mom in Aug, sales volume down -0.7% mom

Canada retail sales fell -0.1% mom to CAD 66.1B in August, matched expectations. Sales were down in six of nine subsectors and were led by decreases at motor vehicle and parts dealers (-0.9%). Excluding gasoline stations, fuel, motor vehicles and parts, sales were down -0.3% mom. In volume terms, retail sales declined -0.7% mom.

Advance estimate suggests that sales were unchanged in September.

Full Canada retail sales release here.

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