FXStreet (Mumbai) – The official data released in Canada showed July retail sales at +0.5%, as expected.
The previous month’s figure was revised lower to to +0.4% from +0.6%. Retail sales Ex autos remained unchanged vs +0.5% (rev from +0.8%). Ex-auto & gas printed at +0.1% vs +0.2%.
Overall the data tilts slightly on a weaker side, especially given June downward revisions and a drop in core retail sales.
(Market News Provided by FXstreet)