Canada October retail sales 0.4% vs. 0.0% estimate

Canada October 2020 retail sales highlights

Canada retail trade

  • prior month was 1.1%
  • Retail sales 0.4% vs 0.0% estimate
  • Retail sales ex auto 0.0% vs 0.1% estimate
  • 6 straight increases
  • Gains were led by moter vehicle and parts dealers
  • Core sales saw Sporting goods, hobby and book and music store sales increased 11.8%, Furniture and home furnishings rose 6.6%, building materials and garden equip rose 2.9%
  • Sales were up in 6 of 11 subsectors representing 50.9% of the retail trade
  • Volume terms saw sales increase 0.2% in October. 
  • A forward looking view of retail sales for November see sales flat for the month.  

The USDCAD is little changed after the report at 1.2758.  

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