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Dec retail sales -0.8% vs -0.1% Sls vol.>

CANADA DATA
CANADA DATA: Dec retail sales -0.8% vs -0.1% expected. Sls vol -0.8%. 
Both lrgst drop since Mar'16. Ex autos -1.8% vs +0.2% expected, 
lrgst drop since Jan'15. Declines concentrated in 6 subsectors (42% of 
ret trade), led by general merchandise. Sls ex autos and gas -2.0%. Adds 
dwnside risk to BOC 4Q gwth fcast.

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