Canada May retail sales -1.1% vs -1.1% expected

• Prior +0.3% (revised to +0.4%)
• Ex-Autos m/m -0.2% vs -0.3% expected
• Prior -0.3%
• Advance June report +1.6%
• Retail sales y/y +4.9% vs +5.0% prior

Feedback from respondents for May highlighted the effects of trade tensions between Canada and the United States on Canadian retail businesses. Supplementary questions asked to respondents show that 32% of retail businesses were impacted by the trade tensions in May, compared with 36% in April. The most common impacts in May were price increases, change in demand for product and increased expenses for raw materials, shipping or labour.