Canadian Retail Sales MoM Final (Nov) M/M 1.3% vs. Exp. 1.2% (Prev. -0.3%, Rev. From -0.2%)

Canadian Retail Sales MoM Final (Nov) M/M 1.3% vs. Exp. 1.2% (Prev. -0.3%, Rev. From -0.2%)

The Canadian retail sales figure for November came in at a 1.3% increase, exceeding expectations of 1.2%, and marking a significant rebound from the previous month’s decline. This stronger-than-anticipated growth may indicate improving consumer confidence, potentially impacting BoC policy considerations as the data supports a more resilient economic outlook.