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Canada retail sales prints in line with estimates

FXStreet (Mumbai) - The official data released in Canada showed July retail sales at +0.5%, as expected.

The previous month’s figure was revised lower to to +0.4% from +0.6%. Retail sales Ex autos remained unchanged vs +0.5% (rev from +0.8%). Ex-auto & gas printed at +0.1% vs +0.2%.

Overall the data tilts slightly on a weaker side, especially given June downward revisions and a drop in core retail sales.

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