Investing.com - Financial Markets Worldwide
🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

Canada core retail sales increase 0.4% in November

Published 01/23/2014, 08:37 AM
Canada core retail sales increase 0.4% in November, above exp. for 0.3%
USD/CAD
-

Investing.com - Core retail sales in Canada rose more-than-expected in November, while total retail sales figures also topped forecasts, official data showed on Thursday.

In a report, Statistics Canada said core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.4% in November, above expectations for a 0.3% increase. Core sales rose by 0.5% in October, whose figure was revised up from a previously reported gain of 0.4%.

Total retail sales increased by a seasonally adjusted 0.6% in November, easily surpassing forecasts for a 0.3% gain, after falling by 0.1% in October.

This increase was largely attributable to higher sales at motor vehicle and parts dealers as well as electronics and appliance stores.

Gains were observed in 9 of 11 subsectors, accounting for 72% of retail trade. Weather and the timing of new product releases had a greater effect on monthly sales than promotional events in November such as Black Friday.

Following the release of the data, the Canadian dollar trimmed losses against its U.S. counterpart, with USD/CAD rising 0.27% to trade at 1.1117, compared to 1.1138 ahead of the data.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.