Canada July retail sales -0.8% vs versus 1.5% expected

The advanced July report was +0.7%Prior was +1.5%Ex-autos -1.2% vs -0.7% expectedPrior ex-autos +1.9%Sales down in 8 of 9 subsectorsAdvance August report +1.0%The cardholder data from RBC earlier this week showed headline sales down 2.2% but core sales up 0.4% The advanced reading from Statistics Canada was much stronger with a +1.0% reading. There have been some reports of North American retailers highlighting that Canadian consumers have held up better than in the USA.Details for July:Sales at motor vehicle and parts dealers edged up 0.2% in Julyfood and beverage retailers -1.3% with supermarkets down 2.5%Clothing -3.2%
This article was written by Adam Button at investinglive.com.

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