CANADA RETAIL SALES RISE 0.1% IN JUNE VS. 0% EXPECTED

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  • Retail Sales in Canada rose marginally in June.
  • USD/CAD continues to trade in positive territory, closes in on 1.3600.

Retail Sales in Canada rose 0.1% on a monthly basis in June, Statistics Canada reported on Wednesday. This reading followed the 0.1% increase recorded in May (revised from 0.2%) and came in slightly better than the market expectation of 0%.

Retail Sales ex Autos remained declined 0.8% in the same period, compared to analysts' estimate for an increase of 0.3%.

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