Retail sales declined 0.7% month-on-month (m/m) in July, a notch above Statistics Canada’s advance estimate. In volume terms, retail sales fell by a stronger 1.1% m/m, pointing to somewhat weaker underlying demand. Motor vehicle and parts dealers posted their first decline in four months, with sales falling 0.8% m/m, driven by a reversal at new […]The post Canada: Retail Sales Contact in July While August Points to a Rebound. appeared first on ActionForex.