Investing.com - Core retail sales in Canada rose more-than-expected in August, while total retail came in below market 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.
July’s figure was revised to a 0.5% increase from a previously reported gain of 0.4%.
Total retail sales rose by a seasonally adjusted 0.3% in August, compared to expectations for a gain of 0.4%, after rising by 0.7% in July.
Gains were reported in 5 of 11 subsectors, representing 53% of total retail trade.
Following the release of the data, the Canadian dollar remained lower against its U.S. counterpart, with USD/CAD gaining 0.49% to trade at 0.9971.
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.
July’s figure was revised to a 0.5% increase from a previously reported gain of 0.4%.
Total retail sales rose by a seasonally adjusted 0.3% in August, compared to expectations for a gain of 0.4%, after rising by 0.7% in July.
Gains were reported in 5 of 11 subsectors, representing 53% of total retail trade.
Following the release of the data, the Canadian dollar remained lower against its U.S. counterpart, with USD/CAD gaining 0.49% to trade at 0.9971.