The advanced March report was +0.7%Prior was -0.4% (revised to -0.5%)Ex-autos -0.7% vs 0.0% expectedPrior ex-autos +0.5% (revised to +0.6%)Advance April report +0.5%
The RBC survey on Canadian consumers last week hinted at a resilient consumer in April and that’s what the advance number shows. On the flipside, that core number in March is poor.
This article was written by Adam Button at www.forexlive.com.