Canada retail sales for September 0.6% vs 0.0% estimate

<figure data-media-><img src="https://images.forexlive.com/images/Canada_id_b3852c83-892b-47a3-b4c9-dd280cdff85f_original.jpg" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/Canada_id_b3852c83-892b-47a3-b4c9-dd280cdff85f_original.jpg" /><figcaption><div>Canada retail sales</div></figcaption></figure><p><br></p><ul><li>Prior month -0.1% (they were expecting -0.3%)</li><li>The September advance estimate was 0.0%</li><li>Retail sales for September 0.6% vs 0.0% est.</li><li>Ex auto 0.2% vs -0.2% est.&nbsp;</li><li>Prior month ex auto, +0.1%</li><li>Ex auto and gas -0.3%% vs -0.3% last month</li><li><strong>October advanced estimate 0.8%</strong></li><li>Retail sales were up in 4 of 9 sectors led by increases in motor vehicle and parts dealers (+1.5%)</li><li><span>Also contributing to the increase in retail sales in September were higher sales at gasoline stations and fuel vendors (+3.2%). In volume terms, sales at gasoline stations and fuel vendors increased&nbsp;2.3%.</span></li></ul><p><br></p><figure data-media-><img src="https://images.forexlive.com/images/Retail%20sales_id_c2f3db4d-9f5e-4897-a408-9305381b1564_original.jpg" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/Retail%20sales_id_c2f3db4d-9f5e-4897-a408-9305381b1564_original.jpg" /><figcaption><div>4 of 9 components were higher.</div></figcaption></figure><p><br><span>Statistics Canada has released an advance estimate of retail sales for October, indicating a 0.8% increase. However, this figure is subject to revision as it is based on early data from only 48.7% of the surveyed companies. The average final response rate for this survey over the past year was 88.6%.</span></p><p><span>The USDCAD is moving lower&nbsp;after the better than expected report and looks toward the low from earlier this week at 1.3650. The low today has reached 1.3657.</span></p><figure data-media-><img src="https://images.forexlive.com/images/USDCAD_id_f43c1663-a3f3-49f3-84d7-09ca8776ed2d_original.jpg" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/USDCAD_id_f43c1663-a3f3-49f3-84d7-09ca8776ed2d_original.jpg" /></figure><p><span><br></span></p>

This article was written by Greg Michalowski at www.forexlive.com.