Canadian Retail Sales Fall In November! Is This A Bad Sign?

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 Retail sales in Canada fell 0.2% in November from October to C$66.61 billion ($49.36 billion), led by declines among food and beverage merchants, and general merchandise stores, Statistics Canada reported Friday. According to flash estimates, sales likely rose 0.8% in December, the agency reported.


In November, sales declined in four of the nine subsectors, representing 43.5% of retail trade. In volume terms, retail sales decreased by 0.2%.


Retail sales for October increased by 0.7% compared to the previous month (revised to +0.5%).


The estimate for November is 0.0%.



Retail sales for October were +0.7% versus expectations of +0.8%.


Excluding motor vehicles, it declined by -0.5% compared to expectations of -0.1%,


while the previous month without motor vehicles showed an increase of +0.6%.


Estimates for December are expected to show an increase of +0.8%.

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