Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Retail sales in Canada rose 0.6% from the prior month in September, as the figure has been revised sharply higher from the preliminary estimate of a stall, Statistics Canada said on Friday.

That also compares with a 0.1% drop in August and with a consensus of estimates pointing to zero growth.

In September, retail turnover rose considerably for gasoline and fuel vendors, by 3.2%, amid a surge in gasoline prices.

Sales also rose at motor vehicles and parts dealers, by 1.5%, since robust sales of new cars (up 2%) offset a drop in used car sales (down 2%).

Sales went up at general merchandise retailers, by 0.3% month-over-month, and at hardware stores, by 0.5% month-over-month, as well.

Conversely, sales of clothing, accessories and jewelry decreased 1% from the prior month in September.

Sales also fell for sporting goods, hobby, musical instruments and books – by 1.6%, Statistics Canada reported.

Retail sales, which exclude auto sales, in the country grew 0.2% month-over-month in September, while matching the rate of increase in August. In comparison, market consensus had pointed to a 0.2% drop.

The Canadian Dollar advanced 0.29% against its US counterpart immediately after the data release, with the USD/CAD currency pair last trading at 1.3654.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Forex Market: EUR/SEK daily trading outlookForex Market: EUR/SEK daily trading outlook Monday’s trade saw EUR/SEK within the range between 9.2325, the highest since August 11th, and 9.1737. The pair closed at 9.1940, adding 0.16% on a daily basis.At 6:22 GMT today EUR/SEK was down 0.02% for the day to trade at 9.1957. The […]
  • South Africa inflation eases in March, Rand gainsSouth Africa inflation eases in March, Rand gains Annual consumer price inflation in South Africa has eased to 5.3% in March from a four-month high of 5.6% in February, the latest data by Statistics South Africa showed.March has been the 10th consecutive month, when the annual […]
  • Boeing Co.’s share price up, raises its full-year profit forecast as jetliner deliveries jumpBoeing Co.’s share price up, raises its full-year profit forecast as jetliner deliveries jump Boeing Co., made an official statement today, posting its second-quarter results, that surpassed analysts expectations. The company, which is currently the largest plane manufacturer in the world, also raised its full-year profit projection. […]
  • Natural gas gains as storm Karen strengthensNatural gas gains as storm Karen strengthens Natural gas rose for the first time in three days on Friday as tropical storm Karen continued to move north-northwestward and is poised to reach hurricane strength by the end of the day, forcing companies to evacuate personnel from platforms. […]
  • Forex Market: GBP/CHF daily forecastForex Market: GBP/CHF daily forecast During yesterday’s trading session GBP/CHF traded within the range of 1.4830-1.4870 and closed at 1.4853.At 6:37 GMT today GBP/CHF was adding 0.05% for the day to trade at 1.4860. The pair touched a daily high at 1.4863 at 6:06 […]
  • Natural gas futures rebound as weather outlook turns colderNatural gas futures rebound as weather outlook turns colder Natural gas rose by more than 2% on Monday after it slid to the lowest in seven weeks on Friday as expectations for an upcoming warm up in the US gave way to forecasts for cold weather, boosting demand for the power-station fuel.On the […]