Retail sales rose modestly in June, up 1.1% from a month ago. This is well above Statistics Canada’s preliminary estimate for a 0.3% gain. However, growth was considerably softer in inflation-adjusted terms, with the monthly volume of sales up just 0.2%. Statistics Canada’s flash estimate for July points to a 2.0% decline. The headline in […]
The post Canada: Higher Prices Lift Retail Sales in June appeared first on Action Forex.
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For Federal Reserve policymakers, the Iran War creates a familiar but uncomfortable dilemma: inflation risks driven by energy shocks at the same time economic growth may be weakening. If oil prices remain elevated and supply Read more…