Retail Sales (MoM) (Canada)
Surprising Jump in Canadian Retail Sales
Starts Tuesday, August 21, 2018 at 17:40
Updated Thursday, August 16, 2018
Retail sales declined by 1.2% in June but they returned strongly and made a nice turnaround last month, posting a 2.0% increase. That was a bit of a surprise given that Donald Trump has introduced tariffs on some Canadian products.
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About Retail Sales (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.