Canadian retail sales m/m
- The advanced March report was +0.7%
- Prior was -0.4% (revised to -0.5%)
- Ex-autos -0.7% vs 0.0% expected
- Prior ex-autos +0.5% (revised to +0.6%)
- Advance April report +0.5%
The RBC survey on Canadian consumers last week hinted at a resilient consumer in April and that's what the advance number shows. On the flipside, that core number in March is poor.
