Canada February retail sales -0.1% vs +0.1% expected ...Middle East

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Canada February retail sales -0.1% vs +0.1% expected
Prior month -0.3%The February advance estimate was +0.1%Ex autos -0.3% vs 0.0% expectedPrior month ex auto +0.5% (revised to +0.4%)Ex auto and gas 0.0% vs +0.4% priorSales down in 5 of 9 subsectors led by fuel stationsAdvance March retail sales 0.0%The advance number is the important one here. It would market two months of weakness in a row and comes despite higher gasoline prices in March. This should further clear the way for a June Bank of Canada rate cut.For February, higher sales were reported at general merchandise retailers (+1.1%) and, to a lesser extent, health and personal care retailers (+0.4%). Offsetting these gains in February were lower sales at furniture, home furnishings,

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