Canada: Retail Sales Falter in July, But Rebound in August

Retail sales contracted by 0.8% month-on-month (m/m) in July, matching Statistics Canada’s advanced estimate. After adjusting for inflation, the volume of retail sales declined 0.8% m/m. Auto sales continued to grow at a modest pace, rising 0.2% m/m and providing a small offset to the headline decline. Receipts at gas stations and fuel vendors fell […]

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