Canada July retail sales fall 0.7%; seen up 1.3% in August
SPY•Canadian retail sales fell 0.7% in July to C$73.70 billion, while a flash estimate indicated sales likely rose 1.3% in August.
1. July sales decline
Retail sales fell 0.7% from June in July, with lower sales at general merchandise retailers. Sales declined in eight of nine subsectors, and retail volumes fell 1.1%; sales excluding autos and parts also dropped 0.7%.
