Canada’s August retail sales rose +1.2%, below +1.3% expected and the +1.3% advance reading, following -0.7% previously. Sales increased across all 9 subsectors, led by motor vehicles; ex-autos sales exceeded expectations. September’s advance estimate showed +0.7% m/m growth. The article interprets spending strength as supporting a Bank of Canada rate hike next week and reports USD/CAD at a one-month low. However, it provides no volume results, and retail sales exclude services, limiting conclusions about overall consumer spending.
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The publisher argues that September’s advance estimate and RBC spending data indicate ongoing strength, supporting expectations of a Bank of Canada hike.
InvestingLive / ForexLiveAugust retail sales rose +1.2%, versus +1.3% expected and +1.3% advance; prior -0.7%.
InvestingLive / ForexLiveAll 9 subsectors gained, led by motor vehicles; August ex-autos rose +1.2% versus +1.0% expected; prior -0.7%.
InvestingLive / ForexLiveSeptember advance retail sales rose +0.7% m/m; separate RBC cardholder data showed core sales up 0.5% m/m.
InvestingLive / ForexLiveThe publisher argues spending strength supports a Bank of Canada hike next week, reportedly priced at just under 80%.
InvestingLive / ForexLiveThe article reports USD/CAD at a one-month low and breaking 1.40 that day, alongside declining Fed pricing.
InvestingLive / ForexLiveLimitation: September is preliminary, volume results are absent, and retail sales exclude services.
InvestingLive / ForexLiveAún no hay precios de EURUSD alrededor de esta noticia.
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