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Canada November retail sales +1.3% vs +1.2% expected

  • Prior was -0.2%
  • Retail sales ex-autos vs +1.2% expected
  • Prior ex-autos -0.6%
  • Sales of $70.4 billion in November
  • Core sales +1.6% vs -0.5% prior
  • December advance sales -0.5%

The core sales number is a strong one but part of that was the reopening of liquor stores in British Columbia after a strike. One sign of a better turn in the housing market was that higher sales were also recorded at building material and garden
equipment and supplies dealers (+2.1%) in November. The increase marks a
second consecutive monthly gain for this subsector.

This article was written by Adam Button at investinglive.com.

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