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Canada retail sales for the month of July -0.7% vs -0.8% estimate

Prior month 0.6% The advanced August reading comes in at 1.3% Details from Statistics Canada: Retail sales:−0.7% to C$73.7 billion vs −0.8% expected. Prior +0.6%. Retail sales excluding autos:−0.7% vs −0.5% expected. Prior +0.5%. Core retail sales:−0.7% after +1.2% in June. This measure excludes both autos and gasoline. Sales volume:−1.1%. Canadian retail sales fell slightly less than expected in…

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US initial jobless claims 197K vs 201K expected

Prior was 196K (revised to 198K) Continuing claims 1719K vs 1745K expected Prior was 1730K (revised to 1717K) US initial jobless claims came in at 197K, below the 201K expected by economists, pointing to continued resilience in the US labor market. The previous week's reading was revised higher to 198K from 196K, nevertheless, claims remain at historically low levels, indicating that layoffs…

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