Retail Sales Core (MoM) (Canada) - Economic Calendar - FX Leaders

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Retail Sales Core (MoM) (Canada)

The Trend Looks Bearish For Retail and Core Retail Sales

Starts Wednesday, January 23, 2019 at 13:30
Updated Wednesday, January 23, 2019
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Retail sales have been pretty volatile last year, but core retail sales which exclude autos are more stable. They have been negative in four out of five months leading to July's report which showed a massive 1.4% increase. Nonetheless, retail sales and core retail sales returned to their negative trend in August. The report released last month which showed figures for October posted a 0.3% jump which was still below expectations. Although, core retail sales which are more important remained flat that month. This report will be for November. Please follow us for live coverage of this event by experienced analysts.  

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About Retail Sales Core (MoM) (Canada)
Released monthly by Statistics Canada, Core Retail Sales (MoM) is a measure of the change in the aggregate value of goods sold by retail merchants. This metric excludes sales from the automobile sector.Core Retail Sales is based upon retailers of various types and sizes. It is meant to be a measure of both consumer confidence and performance of the retail sector. Higher than projected readings indicate economic growth and a bullish view of the CAD. Reports that disappoint estimates are viewed as bearish toward the CAD.
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