Highlights of the Canadian retail sales report:
– Prior ex-autos 0.0% m/m (revised to +0.1%)
– Overall retail sales +0.5% vs +0.1% m/m expected
– Prior retail sales were +0.5% m/m (revised to +0.6%)
The gain was driven by sales at motor vehicle and parts dealers, rising 2.0% in the seventh consecutive gain.