Canada: Retail Sales rise by 1.1% in June

Retail Sales in Canada rose by 1.1% on a monthly basis in June following May’s increase of 2.3% (revised from 2.2%), the data published by Statistics Canada revealed on Friday. This reading came in better than the market expectation for a growth of 0.3%.

Further detail of the publication revealed that Retail Sales in July are expected to decline by 0.2%.