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Canadian retail sales miss consensus expectations in June; core beats

Published 08/22/2017, 08:31 AM
© Reuters.  Canadian June retail sales gain 0.1% vs. 0.3% forecast

Investing.com - Retail sales in Canada showed a smaller-than-expected increase in June, although the core reading was stronger than forecast, official data showed on Tuesday.

In a report, Statistics Canada said that Canadian, retail sales increased by 0.1% in June, compared to forecasts for a 0.3% gain and after a 0.5% advance in the prior month, that was revised from an initial rise of 0.6%.

Core retail sales, excluding automobiles, rose by 0.7% in June, after a 0.1% decline in the preceding month.

Analysts had expected Canadian core retail sales to increase by just 0.3% in June.

After the report, USD/CAD traded at 1.2545, compared to 1.2577 prior to the release.

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