June Canada retail sales +0.1% vs +0.0% expected

<ul><li><a href="https://www.forexlive.com/news/may-canada-retail-sales-02-vs-05-expected-20230721/" target="_blank" rel="follow">Prior </a>was +0.2%</li><li>June advance reading was 0.0%</li><li>Ex autos -0.8% vs +0.3% expected (prior was 0.0%, revised to -0.3%)</li><li>July advance reading +0.4%</li><li>June year-over-year sales -0.6% vs +0.5% prior</li><li>Sales ex autos y/y -3.3%</li></ul><p>Vehicle sales are the only thing holding up sales and I wonder how much of that is delayed orders because Canadian auto inventories are low relative to the US.</p><p>In any case, the market is focused on the ex-autos number rather than the headline and advance number. USD/CAD is up 37 pips to 1.3586 and a few more pips on this.</p>

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