Investing.com – Core retail sales in Canada rose in line with expectations in September, increasing for the fourth consecutive month, 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 September, after rising by 0.6% in August, whose figure was revised up from 0.4%.
The report also showed that retail sales rose less-than-expected in September, increasing by 0.6% in September, after rising by 0.7% in August, whose figure was revised up from 0.5%.
Analysts had expected retail sales to rise by 0.8% in September.
The report said the largest increase in sales came in the general merchandise, sporting goods and clothing and footwear stores. Meanwhile, the largest decrease came in building material and garden equipment stores.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.21% to hit 1.0208.
In a report, Statistics Canada said core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.4% in September, after rising by 0.6% in August, whose figure was revised up from 0.4%.
The report also showed that retail sales rose less-than-expected in September, increasing by 0.6% in September, after rising by 0.7% in August, whose figure was revised up from 0.5%.
Analysts had expected retail sales to rise by 0.8% in September.
The report said the largest increase in sales came in the general merchandise, sporting goods and clothing and footwear stores. Meanwhile, the largest decrease came in building material and garden equipment stores.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD gaining 0.21% to hit 1.0208.