MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Retail Sales Beat In June But Weak Momentum Into Q3

CANADA
  • Retail sales were notably stronger than expected in June as they increased +1.1% M/M (flash +0.3, cons. +0.4) although that was only equivalent to +0.2% M/M in real terms for a 0.9% gain in Q2 (nominal 3.2%).
  • However, much of the strength came from autos and more so gasoline with sales ex autos & gasoline only +0.2% M/M for a likely fall in real terms.
  • Further, momentum into Q3 looks very weak with nominal sales estimated to have declined -2% M/M in the July flash, more than the modest decline some had attributed to declining gasoline prices.
  • GoC yields have dipped with the front-end slowly falling ~1bp for a still +5.5bp rise on the day whilst on the flip side USDCAD pulls back from session highs although that looks more from broader USD strength.
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets Bank of Canada Market News

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.