Free Trial
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.
CANADA DATA
- Retail sales were softer than expected in July, increasing 0.3% M/M (advance & cons 0.4) after an unrevised two months at 0.1% M/M.
- The details offered a stronger take away, with ex autos up 1.0% M/M (cons 0.5) and “core sales” ex autos & gas up 1.3% M/M, but they follow a heavy -0.7% and -0.8% respectively in June.
- Volumes declined for the third consecutive month, with -0.1% M/M after -0.2% and -0.1%, leaving the 3M/3M rate still very subdued at just shy of -2% annualized -- see the bottom chart below for just how little progress has been made in real terms, with overall sales volumes unchanged from mid-2021.
- Any upside from the stronger nominal details for July were offset by the August nominal advance for total sales slipping -0.3% M/M.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok