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Canada retail sales for March 0.9% vs 0.6% estimate

Prior month 0.7%Retail sales 0.9% vs 0.6% estimateRetail sales ex autos 1.4% vs 0.9% estimateOther details:Retail sales rose 0.9% in March to $72.7 billion.
Four of nine subsectors posted gains, led by gasoline stations and fuel vendors.Core Retail Sales:Core retail sales (excluding gasoline stations/fuel vendors and motor vehicle/parts dealers) fell 0.1% in March. The first decline after two monthly moves higher. Retail sales volumes declined 0.7% in March, indicating lower real spending after adjusting for prices.Building material and garden equipment/supplies dealers led the decline, with sales falling 2.9% in March after a 0.7% decline in February.
General merchandise retailers saw sales fall 0.5%, marking the first decline in three months.

The largest increase in core retail sales came from food and beverage retailers, where sales rose 0.5%.

Within that category, supermarkets and other grocery retailers (excluding convenience stores) posted a 0.8% increase in sales.First Quarter details:First-quarter 2026 retail sales increased 2.1%, marking the seventh consecutive quarterly gain.
Retail sales volumes rose 1.2% in Q1 2026.The problem is in the ex Gas. The number was not so hot if you take out the gains from gas (higher prices). The retail sales volume declined by -0.7% . The largest increase in retail sales in March was observed at gasoline stations and fuel vendors (+12.4%). In volume terms, sales at gasoline stations and fuel vendors fell 1.9% in March. With sales surging while volume decreasing, it is indicative of the impact from higher prices. Advanced retail sales for April +0.6%**This unofficial estimate was calculated based on responses received from 52.1% of companies surveyed. The average final response rate for the survey over the previous 12 months was 88.3%.The USDCAD is higher and approaches the next targets including the 61.8% retracement and the 200 day MA between 1.38068 and 1.3813 respectively. The high just ticked to 1.3806.
This article was written by Greg Michalowski at investinglive.com.

🔗 Source

💡 DMK Insight

Retail sales data just came in stronger than expected, and here’s why that matters for SOL: With SOL currently at $82.18, the uptick in retail sales could signal increased consumer confidence, which often correlates with higher crypto investments. The 0.9% rise in March retail sales, exceeding the 0.6% estimate, indicates a robust economic backdrop that might encourage more institutional and retail investors to enter the crypto space. This could lead to upward pressure on SOL, especially if it breaks above key resistance levels. However, keep an eye on the core retail sales figure, which fell, suggesting that while overall spending is up, discretionary spending might be lagging. This divergence could create volatility in the market. If SOL can maintain momentum above $85, it could attract more buyers, but a drop below $80 might trigger profit-taking or stop-loss orders. Watch for how SOL reacts to broader market sentiment and any shifts in retail spending trends in the coming weeks.

📮 Takeaway

Monitor SOL closely; a break above $85 could signal a bullish trend, while a drop below $80 may trigger selling pressure.

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