Prior +0.3% (revised to +0.4%)Ex-Autos m/m -0.2% vs -0.3% expectedPrior -0.3%Advance June report +1.6% Retail sales y/y +4.9% vs +5.0% prior
Feedback from respondents for May highlighted the effects of trade
tensions between Canada and the United States on Canadian retail
businesses. Supplementary questions asked to respondents show that 32%
of retail businesses were impacted by the trade tensions in May,
compared with 36% in April. The most common impacts in May were price
increases, change in demand for product and increased expenses for raw
materials, shipping or labour.
This article was written by Giuseppe Dellamotta at investinglive.com.