The December number is important here as it shows a big rebound. Canada put in a GST (Canada's VAT) holiday that started December 15 and it pushed back retail sales. The holiday continues through Feb 15 and then we will see a whipsaw again.
In terms of sectors, the November decline was led by lower sales at food and beverage retailers (-1.6%), with supermarkets and other grocery retailers (except convenience retailers) (-1.5%) contributing the most to the decline. Sales were also down at general merchandise retailers (-1.0%) and building material and garden equipment and supplies dealers (-2.1%) in November.
On the strong side were car sales up 2.0%.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about canada november retail sales 0 0 vs 0 2 expected was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Canada November retail sales 0.0% vs +0.2% expected )
Also on site :
- Ukraine-Russia war latest: Xi reportedly told Trump that Putin might ‘regret’ invading Ukraine
- With Just Two Looks, Taylor Russell Is Already In the Running for Best-Dressed at Cannes
- Un estudio señala que las demoras en Lima durante las elecciones no habrían afectado el resultado en Perú