Canada’s retail sales rose by 1.0% in the latest monthly report, a significant rebound from the previous month’s decline of 0.7%. This marks an absolute increase of 1.7 percentage points, indicating a strong recovery in consumer spending.
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The actual retail sales figure matched analyst estimates, suggesting that the market had accurately anticipated this recovery. This alignment with expectations is likely to stabilize market sentiment, with consumer discretionary and retail sectors potentially seeing positive impacts. The effect is expected to be more sentiment-driven in the short term, as the data aligns with existing growth forecasts.
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