Canada Retail Sales decline by 0.1% in August

Market news

20 October 2023

Canada Retail Sales decline by 0.1% in August

Retail Sales in Canada fell more than expected in August.
USD/CAD continues to trade in negative territory at around 1.3700.

Retail Sales in Canada declined by 0.1% on a monthly basis in August to C$66.08 billion, Statistics Canada reported on Friday. This reading followed the 0.4% growth recorded in July and came in better than the market expectation for a decline of 0.3%.

Retail Sales ex Autos increased by 0.1% in the same period, after rising by 1.1% in July.

Market reaction

The USD/CAD pair showed no immediate reaction to these figures and was lasts seen trading modestly lower on the day at 1.3700.

EUR/USD: Immediate headwinds to persist through early Q4 2023 – CIBC

Canada Retail Sales ex Autos (MoM) registered at 0.1% above expectations (0%) in August

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