Rannella Billy-Ochieng, economist at Royal Bank of Canada, notes that that the Canada’s retail sales was held flat by lower vehicles sales & weaker energy prices as absent price effects, volume increased by 0.4%. Key Quotes “Today’s report had few surprises. As expected, headline sales were weighed down by a decline in gasoline station sales on account of lower energy prices. Controlling for price changes, sale volumes increased 0.4% June, bouncing back after a drop in May that was probably depressed by weather-related factors. Sale volumes still only increased 0.3% (annualized) in Q2 as a whole but the June increase leaves a stronger hand off for Q3.” “The June gain was boosted in by a partial rebound in food sales after a big May drop as well as a lift from apparel and sporting goods that Statistics Canada credited in part to the Toronto Raptors championship victory. In all, Statistics Canada reported sales increased in 7 of 11 categories.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next FOMC: Varied views on the appropriate stance of policy – Westpac FX Street 4 years Rannella Billy-Ochieng, economist at Royal Bank of Canada, notes that that the Canada's retail sales was held flat by lower vehicles sales & weaker energy prices as absent price effects, volume increased by 0.4%. Key Quotes "Today's report had few surprises. As expected, headline sales were weighed down by a decline in gasoline station sales on account of lower energy prices. Controlling for price changes, sale volumes increased 0.4% June, bouncing back after a drop in May that was probably depressed by weather-related factors. Sale volumes still only increased 0.3% (annualized) in Q2 as a whole but… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
