MNI: US Dec Consumer Inflation Expectations Mixed -NY Fed

MNI BRIEF: BOC Releasing Pandemic Actions Review Jan 17

BANK OF CANADA RELEASING PANDEMIC REVIEW REPORT ON JAN 17

MNI China Daily Summary: Monday, January 13

MNI BRIEF: China December Vehicle Sales Up 10.5%

MNI BRIEF: PBOC To Add Forex Reserves Allocation In HK - Pan

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, Greece Syndications

MNI BRIEF: China 2024 Exports Grow 5.9% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CANADA DATA: A Mixed Retail Sales Report Doesn’t Alter Strong Recent Trend

CANADA DATA
CanadaData BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Retail sales saw a mixed report today, with a surprise downward revision from 0.7% to 0.6% M/M for October values but with upward revisions to the three previous months including from 0.4% to 0.6% in September.
  • The November advance underwhelmed though, indicated “relatively unchanged” on the month.
  • Potential revisions aside, it currently leaves the 3M/3M run rate for nominal sales at 6.8% annualized in Nov, unchanged from the upward revised 6.8% in Oct vs the 6.0% previously thought.
  • Total sale volumes meanwhile were flat in October but it followed an upward revised 1.1% M/M in Sept for what was a third strong month. The 3M/3M rate was particularly firm at 9.0% annualized for its strongest since late 2021.
  • This recent strength comes prior to any impact from the GST/HST two-month holiday that started this month. 
image
134 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Retail sales saw a mixed report today, with a surprise downward revision from 0.7% to 0.6% M/M for October values but with upward revisions to the three previous months including from 0.4% to 0.6% in September.
  • The November advance underwhelmed though, indicated “relatively unchanged” on the month.
  • Potential revisions aside, it currently leaves the 3M/3M run rate for nominal sales at 6.8% annualized in Nov, unchanged from the upward revised 6.8% in Oct vs the 6.0% previously thought.
  • Total sale volumes meanwhile were flat in October but it followed an upward revised 1.1% M/M in Sept for what was a third strong month. The 3M/3M rate was particularly firm at 9.0% annualized for its strongest since late 2021.
  • This recent strength comes prior to any impact from the GST/HST two-month holiday that started this month. 
image