June retail sales rose 0.6% month-over-month, exceeding the 0.4% estimate and signaling resilient consumer demand.
Canadian retail sales increased 0.6% in June, surpassing the 0.4% consensus estimate. The gain follows a 1.0% rise in May and reflects stronger-than-expected consumer spending amid economic uncertainty.
Excluding autos, sales grew 0.5%, matching the headline beat and improving from May’s 1.2% advance. The preliminary July reading points to continued momentum at 0.8%, though downside risks persist from elevated interest rates.
The data reinforces expectations for steady domestic demand, though market focus remains on inflation trends and potential Bank of Canada policy shifts.