Investing.com - Core retail sales in Canada rose more-than-expected in August, while total retail sales figures came in below forecasts, official data showed on Tuesday.
In a report, Statistics Canada said core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.4% in August, above expectations for a 0.2% increase.
Core sales rose by 0.8% in July, whose figure was downwardly revised from a previously reported gain of 1%.
Total retail sales increased by a seasonally adjusted 0.2% in August, missing forecasts for a 0.3% gain, after rising by 0.5% in July.
Following the release of the data, the Canadian dollar was higher against its U.S. counterpart, with USD/CAD shedding 0.18% to trade at 1.0286.
In a report, Statistics Canada said core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.4% in August, above expectations for a 0.2% increase.
Core sales rose by 0.8% in July, whose figure was downwardly revised from a previously reported gain of 1%.
Total retail sales increased by a seasonally adjusted 0.2% in August, missing forecasts for a 0.3% gain, after rising by 0.5% in July.
Following the release of the data, the Canadian dollar was higher against its U.S. counterpart, with USD/CAD shedding 0.18% to trade at 1.0286.