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.
Canadian retail sales fell 1.9% in September according to a flash estimate following a 2.1% increase for August, with the last significant data before Wednesday's BOC rate decision tilting the risks back towards a focus on weak GDP over signs of hotter inflation.
Statistics Canada's report didn't outline what industries led the decline in September, another time of transition as more people were vaccinated to meet work requirements and economists speculated about a shift to more spending on close-contact services over buying goods like furniture.
August's sales gain was led by food and beverage stores, gas stations and record sales at clothing outlets. July retail sales were revised up to a 0.1% decline from an earlier 0.6% fall.
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.