FX & CFD trading involves significant risk
monthly retail sales were softer than expected in March, dragged by lower
gasoline prices, marking the weakest showing in three months.
Sales were unchanged at 39.55 billion Canadian dollars ($38.52 billion), following a 0.7% gain in February, which was revised down from the originally estimated 0.8%, Statistics Canada said Wednesday.
consensus call was for sales to edge up 0.1%, according to a report from Royal
Excluding the auto sector, sales shrank 0.2% on a monthly basis in March following a 0.7% increase the prior month, contrary to an expected 0.1% increase.
But sales volume, which eliminates price changes and feeds into economic output figures, expanded 0.7%, suggesting retail sales made a positive contribution to the month's gross domestic product.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.