Canada: Retail Sales Enter Holiday Season on a Solid Footing

Retail sales rose by a solid 0.6% month-over-month (m/m) in October, slightly below Statistics Canada’s advance estimate of 0.7% m/m. In real terms, however, sales were unchanged. Sales at motor vehicle and parts dealers accelerated by 2.0% m/m, reversing September’s losses. Ex-autos, sales were up 0.1% m/m, falling short of the consensus expectation of 0.4% […]

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