Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Canada Retail Sales Climb, Inflation Falls, CAD Rallies

By Dean PopplewellMarket OverviewSep 21, 2018 11:51
ca.investing.com/analysis/canada-retail-sales-climb-inflation-falls-cad-rallies-200197624
Canada Retail Sales Climb, Inflation Falls, CAD Rallies
By Dean Popplewell   |  Sep 21, 2018 11:51
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Canadian retail sales climbed in July following a decline in June, led by demand for food and higher gas prices.

Stats Canada said retail sales rose 0.3% in July to a seasonally adjusted C$50.9 billion.

Note: In June, retail sales fell by a revised 0.1%.

Ex-autos, July sales rose by a robust 0.9%, despite a decline of 2.2% at new car dealerships weighing on the overall results. However, on a price-adjusted basis, sales fell 0.1%. On a year-over-year basis, retail sales in July rose 3.7%.

Canada inflation slows in August

On the inflation front, it decelerated in Canada last month, but remained close to its seven-year high print from July. This headline print very much keeps the Bank of Canada in play for another 25 bps hike in October.

Stats Canada said that CPI rose 2.8% y/y in August, following a 3.0% increase in July.

Digging deeper, core-inflation prices rose in a range from 2.0% to 2.2%, based on the three preferred gauges used by the BoC.

CAD initial reaction saw the loonie catch a bid, to deal at C$1.28864 a new weekly high.

USD/CAD for Sept. 20-21, 2018.
USD/CAD for Sept. 20-21, 2018.

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Canada Retail Sales Climb, Inflation Falls, CAD Rallies
 

Related Articles

FactSet Research Systems Inc
Podcast : Financial Market Preview - Friday 3-Dec By FactSet Research Systems Inc - Dec 03, 2021

US futures are indicating a flat to slightly lower open as of 05:00 ET. European equity markets slightly higher, following a mixed Asian trade. Much of the focus remains on the...

Acuity Knowledge Partners
Rising investor demand for ESG in their portfolios By Acuity Knowledge Partners - Nov 30, 2021

“Investments are subject to market risk” is a mandatory statement a fund house makes in an Investment Policy Statement (IPS) when offering investment opportunities to investors....

Canada Retail Sales Climb, Inflation Falls, CAD Rallies

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email