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Retail Sales: Mixed Feb, Weak March Advance

CANADA DATA
  • Mixed retail sales figures for Feb, with total sales better than expected at -0.2% M/M (cons and Feb advance of -0.6) after an initial +1.4% M/M in Jan, but sales ex-autos surprisingly falling -0.7% M/M (cons 0.0%) after an initial +0.9%.
  • More notably though, the March advance is reported with a heavy decline of -1.4% M/M.

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