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May Canada retail sales +0.2% vs +0.5% expected
The advance reading was +0.5%Prior was +1.1% (revised to +1.0%)Ex autos 0.0% vs +0.3% expected (prior was +1.3%, revised to +1.2%)June advance reading 0.0%Year-over-year sales +0.5% vs +1.4% priorComing into this report, core sales had risen for five consecutive months so a flat reading isn't a big red flag but higher interest rates are undoubtedly starting to bite.Looking through the breakdown of the year-over-year changes, rather than month over month, there's a 6.9% rise in spending at superm...
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Posted: Jul 21 2023, 12:30
Author Name: forexlive
Views: 080932
