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1:33 PM ยท 19 January 2024

BREAKING: Canadian retail sales reading significantly lower ๐Ÿ””

Canada retail sales data for November:

  •  MoM Actual -0.2% (Forecast 0%, Previous 0.7%, Revised 0.5%)

In November, retail sales in Canada decreased by 0.2% to $66.6 billion, with declines in four of nine subsectors, notably in food and beverage retailers (-1.4%). Core retail sales, excluding gasoline stations, fuel vendors, and motor vehicle and parts dealers, also fell by 0.6%. This decline was primarily driven by reduced sales at food and beverage retailers (-1.4%) and general merchandise retailers (-1.8%). However, there was a notable increase in sales of clothing and related items (+1.5%).

Source: xStation 5

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Strong Service ISM Reading as activity expanded most since 2022

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BREAKING: Stronger than expected ADP fails to support the dollar ๐Ÿ‡บ๐Ÿ‡ธ

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Economic calendar: ADP Labor market report and ISM services ๐Ÿ”Ž

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