Canadian July retail sales figures

  • Prior ex autos -0.8% (revised to -0.6%)
  • Headline retail sales -0.1% vs +0.1% exp
  • Prior headline sales -0.1%
  • Sales down in 5 of 11 subsectors
  • Motor vehicles and parts -0.2%
  • Furniture and home furnishings -1.4%
  • Electronics +0.1%
  • Building materials +1.5%
  • Food and beverage -0.1%
  • Health and personal care-0.3%
  • Gasoline stations -3.0%
  • Clothing +1.6%
  • Sporting goods and hobbies +1.5%
  • General merchandise stores +0.7%
  • Miscellaneous store retailers +1.6%
  • Total sales $44.1 billion

Very weak retail sales along with soft inflation and the Canadian dollar has taken a 50-pip dip lower.