FOREX ALERTS >>

fundamental alert

Article

Canadian Retail Sales Surge 1.1% in September Despite the Dour Outlook Held by the BoC

Tuesday, 25 November 2008 12:40:03 GMT | David Song, Currency Analyst

Previous Articles

Print

RSS

Friday, 16 October 2009 19:40:03 GMT Will Crude Salvage its Bullish Drive and Extend the Strongest Rally Since July?
Friday, 16 October 2009 11:44:15 GMT Canada's Consumer Prices Decline for 4th Month; Leaving BOC on Hold
Friday, 16 October 2009 07:52:07 GMT Swiss Retail Sales Indicate Slow Economic Growth
Friday, 16 October 2009 07:10:05 GMT Oil Retains Momentum into Week-End, Metals Vulnerable to Further Downside
Friday, 16 October 2009 04:57:15 GMT Antipodean Star Still Shines for Now (Opening Comment)
Friday, 16 October 2009 04:15:09 GMT Overnight Interest Rate Update 10.16.09
Thursday, 15 October 2009 18:27:04 GMT A Drop in Gas Inventories Extends Crude Oil's Rally to a Sixth Session
Thursday, 15 October 2009 11:47:02 GMT Overnight Interest Rate Update 10.15.09
Thursday, 15 October 2009 05:24:16 GMT Sterling Finally Plays Catch-Up (Morning Slices)
Thursday, 15 October 2009 7:15:09 GMT Oil, Metals Diverge as US Dollar Stages Uneven Rebound - Where to From Here?
Thursday, 15 October 2009 05:42:54 GMT ECB Monthly Report: 3Q Expected to Grow at 0.1% versus 2Q
Thursday, 15 October 2009 08:28:00 GMT USD Graphic Rewind
Thursday, 15 October 2009 05:24:16 GMT Euro Set to Test 1.5000 (Opening Comment)
Wednesday, 14 October 2009 18:31:01 GMT Crude Marks New Year High, Extends Five-Day Rally as Dow Advances Fills in for Delayed Output Numbers
Wednesday, 14 October 2009 14:24:37 GMT Business Inventories Fall for 12th Month
Wednesday, 14 October 2009 13:08:21 GMT U.S. Retail Sales Fall Less Than Expected On Broader Demand
Wednesday, 14 October 2009 11:24:58 GMT Overnight Interest Rate Update 10.14.09
Wednesday, 14 October 2009 11:14:50 GMT European Industrial Production Rises, Adds Too Recovery Signs
Wednesday, 14 October 2009 10:23:33 GMT Greenback Finds No Relief in Overnight Trade (Morning Slices)
Wednesday, 14 October 2009 04:10:16 GMT UK Claimant Count Rate Holds Flat; Jobless Claims Falls to 20.8K

Retail spending in Canada increased 1.1% in September despite expectations for a 0.4% increase. In addition, retail sales excluding the volatile automotive component increased 0.8%, which beat estimates for a 0.2% gain. The breakdown of the report showed that five of the eight categories increased during the month, but the improvement could be short-lived as the Bank of Canada expects economic activity to weaken throughout the next year. Mounting growth fears led the BoC to lower the benchmark interest rate by 75bp to 2.25% from 3.00%, and may continue to ease policy further as growth prospects deteriorate.

fundamental alert

Article

More Articles