Canadian retail sales down

from yesterday's Royal Bank of Canada's Daily Economic Update (10/22):

Canadian retail sales decline in August

"Nominal retail sales fell 0.3% in August in line with market expectations following gains of 0.6% and 0.1% in June and July, respectively. A decline had been widely expected because of earlier reports of a drop in unit auto sales that was reflected in the 1.2% drop in the new car component in today’s report. Excluding the volatile auto sales component for both new and used vehicles, sales were also down 0.3%. This was weaker than market expectations of unchanged sales activity. Price changes had no impact on overall sales — the volume of activity fell a similar-sized 0.3%." ...

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