Canada September retail sales -0.7% vs -0.7% expected

• Prior was +1.0%
• October preliminary retail sales: “relatively unchanged”
• Ex-autos +0.2% vs -0.5% expected
• Prior ex-autos +0.7%
• Ex-autos and gas % vs +1.1% prior

There were indications of strong retail sales in October, including those tied to the Blue Jays’ World Series run. Walmart was also upbeat on Canadian consumer spending in Q3 and Canadian Tire was “cautiously optimistic” and spoke about “admirable resilience” in Canadian shoppers, including in lower-income cohorts. One lagging area could be ecommerce given the Canada Post strike.

This article was written by Adam Button at investinglive.com.