Retail sales for December. Ex Auto -1.6%. Weaker than expectations

The ex auto from last month was revised to to 1.0% from a prior 1.1%.

  • The fall is the largest since April 2010
  • Drop 2.3% in volume terms
  • Was motor vehicles/parts largest downside contributor was motor vehicles/parts
  • Largest upside contributor was home furnishings
  • declines were widespread. 10 of 11 categories were lower
  • Later snowfalls and unseasonably warm weather in many parts of Canada, contributed to lower seasonal purchases

Overall a weak number. The USDCAD has moved modestly higher but is hitting session highs. The 200 hour MA comes in at 1.3836