Forexpros – Core retail sales in Canada rose more-than-expected in May, while total retail sales came in below expectations, official data showed on Tuesday.
In a report, Statistics Canada said core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.5% in May, beating expectations for a 0.2% increase.
April’s figure was revised to a 0.4% decline from a previously reported drop of 0.3%.
Total retail sales advanced by a seasonally adjusted 0.3% in May, missing expectations for a gain of 0.5%, after falling by a revised 0.6% in April.
Lower sales were reported in 6 of 11 subsectors, representing 53% of retail sales.
Following the release of the data, the Canadian dollar held on to gains against its U.S. counterpart, with USD/CAD shedding 0.1% to trade at 1.0180.
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