Canada November retail sales -0.2% vs 0.0% expected

<ul><li><a href="https://www.forexlive.com/news/canada-october-retail-sales-07-vs-08-expected-20231221/" target="_blank" rel="follow">Prior </a>month +0.7% (revised to +0.5%)</li><li>The November advance estimate was 0.0%</li><li>Retail sales for October +0.7% vs +0.8% expected</li><li>Ex auto -0.5% vs -0.1% expected</li><li>Prior month ex auto, +0.6% </li><li>Ex auto and gas -0.6% vs -1.2% last month</li><li>December advanced estimate +0.8%</li></ul><p>The December advanced estimate rescues this from being a poor number but there is still a big — and likely growing — gap between Canadian and US consumers. USD/CAD initially dipped on the report but quickly bounced back to unchanged.</p><p>The decline in November was led by lower sales at food and beverage retailers (-1.4%) and general merchandise retailers (-1.8%). The largest increase to core retail sales in November came from clothing,
clothing accessories, shoes, jewellery, luggage and leather goods
retailers (+1.5%).Vehicle sales rose for a third consecutive month at +0.5%.</p>

This article was written by Adam Button at www.forexlive.com.