Canada Retail Sales Rise 0.6%, But Core Spending Remains Weak

Canada’s retail sales rose 0.5% mom to CAD 73.0B in April, slightly below expectation of 0.6% mom, and marking a modest recovery in consumer spending. The increase was driven largely by higher sales at gasoline stations and fuel vendors, reflecting elevated fuel prices during the month. Sales increased in five of nine subsectors, suggesting spending […]

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