- Prior was +0.6% (revised to +0.9%)
- Sales hit C$53.7 billion
- Ex-autos sales rose 1.5%
- Sales up 2.8% in volume terms
It’s always a tough call when a data point is as stale as this slice of ancient history but there’s a lot of good news in this report and one of the main focuses at the Bank of Canada is a pickup in exports/investment. Factories are the best place to start.
Comments from Poloz are due out at 12:30 ET (1630 GMT) so that will be the main focus on loonie traders today.