- Ex-autos +0.7% m/m from +0.5% exp
USD/CAD sliding on the better than expected figures hitting lows of 1.0254
Retail sales had a poor showing into the end of last year and the beginning of this touching down to -6% m/m and below 0.0% y/y. The continued improvement will be a welcome boost to the economy.
The bulk of the improvements are being chalked up to higher prices in general merchandise stores and petrol stations.