Canada: Motor Vehicle Sales Weigh on March Retail Spending  

Retail sales were flat in March, well below Statistics Canada’s preliminary estimate of a 1.4% gain. Making the story softer was the fact that volumes pulled back by 1.0% month-over-month (m/m). Statistics Canada’s flash estimate for April points to a 0.8% monthly gain, but note that consumer prices were also up significantly in the month. […]

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