Canada June retail sales --0.3% vs -0.3% expected ...Middle East

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Canada June retail sales --0.3% vs -0.3% expected
source : forex live ( Middle East ) () 34
May was -0.8%Preliminary June was -0.3%Sales down 0.5% in Q2Preliminary July +0.6%Ex autos +0.3% vs -0.2% expectedPrior ex-autos -1.3% (revised to -1.2%)Ex autos and gasoline +0.4% vs -1.4% priorThese are some good numbers from the Canadian consumer. The ex autos number for June is a surprise while the July preliminary reading is a big surprise, given some soft indications.The drag in the June report was autos, which fell 2.1%, led by new cars at -2.9%. It's part of the ongoing weight from high interest rates that's also dragging down everything housing related.Within core retail sales, the +0.4% rise was led by higher sales at food and beverage retailers (+1.2%), which were driven by superm

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