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Canadian Retail Sales Fall More Than Expected

Investing.com

Investing.com - Retail sales in Canada fell more than expected in September, undermining confidence in consumer spending, official data showed on Friday.

In a report, Statistics Canada said that Canadian retail sales decreased 0.3% in September, compared to forecasts for a 0.5% gain and after a 0.4% advance in the prior month.

Core retail sales, excluding automobiles, slumped 0.7%, after a 0.2% advance in the preceding month. Analysts had expected Canadian core retail sales to increase by 0.3%.

After the report, which was released simultaneously with Canadian inflation data, USD/CAD traded at 1.2556, compared to 1.2492 prior to the release.

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