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Canada core retail sales falls 0.2% in March

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Investing.com - Core retail sales in Canada fell unexpectedly in March, while total retail sales figures were flat, official data showed on Wednesday.

In a report, Statistics Canada said core retail sales, which exclude automobile sales, fell by a seasonally adjusted 0.2% in March, defying expectations for a 0.2% increase.

Core sales rose by 0.7% in February.

Total retail sales were flat in March, compared to expectations for a 0.2% gain, after rising by a downwardly revised 0.7% in February.

Following the release of the data, the Canadian remained lower against its U.S. counterpart, with USD/CAD adding 0.48% to trade at 1.0319.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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