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- Canada Retail Sales rise 0.6% in September vs. 0% expected
Canada Retail Sales rise 0.6% in September vs. 0% expected
- Retail Sales in Canada rose unexpectedly in September.
- USD/CAD trades in negative territory near 1.3650 after the data.
Retail Sales in Canada increased by 0.6% on a monthly basis to C$66.46 billion, Statistics Canada reported on Friday.
This reading followed the 0.1% contraction recorded in August and came in better than the market expectation for a no change. In the same period, Retail Sales ex Autos rose by 0.2%.
"Core retail sales—which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers—were down 0.3% in September," the press release further read. "In volume terms, retail sales increased 0.3% in September. Retail sales were up 0.6% in the third quarter, while in volume terms, retail sales declined 0.5%."
Market reaction
USD/CAD edged lower with the immediate reaction and was last seen losing 0.26% on a daily basis at 1.3658.
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