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Essentials Daily Insights

Stronger-Than-Expected Canadian Retail Sales In April

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Canadian retail sales were surprisingly resilient in April. They grew by 0.9% m/m on a seasonally adjusted basis from an upwardly revised 0.2% m/m in March. Ex-auto sales grew by 1.3% m/m from an upwardly revised 2.6% m/m in March and higher than expectations…

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