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- Canada: Retail Sales remain unchanged in March vs. 1.4% expected MoM gain
Canada: Retail Sales remain unchanged in March vs. 1.4% expected MoM gain
- Headlines Retail Sales growth missed expectations in March but Core sales were robust.
- The loonie did not react to the latest Canadian Retail Sales figures.
Retail Sales in Canada remains unchanged in March versus a month earlier, the latest report from Statistics Canada on Thursday showed. That was a miss on expectations for a MoM growth rate of 1.4%. That marked a slowdown after February's growth rate of 0.2%. Statistics Canada also released its preliminary estimate for Retail Sales growth in April, which it expects to come in at 0.8% MoM.
Despite the weaker than anticipated headline figures, Core Retail Sales grew at a robust pace of 2.4% MoM in March, a little above the expected growth rate of 2.0%.
Market Reaction
The loonie did not react to the latest Canadian Retail Sales figures.
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