Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
Japan Targets 1%+ Real Economic Growth With ¥370 Trillion Investment Plan 
China Expands Export Controls, Adds 20 Japanese Companies to Restricted List 
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Gold Prices Rise Above $4,000 as Inflation Data and Weaker Dollar Boost Demand 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
According to Statistics Canada's preliminary estimate, retail sales increased by a strong 0.4% month-over-month (m/m) in September. When inflation was taken into account, the gain was even more noticeable, with retail sales volume increasing by 0.8% month over month.
Sales at auto and parts dealers were a weaker sector, declining by 0.7% month over month following two months of improvement. Additionally, overall retail sales were impacted by decreasing gas costs. Although they climbed by 3.2% m/m in real terms, gas station and fuel vendor receipts decreased by 2.3% m/m in nominal terms.
Core retail sales up 1.4% month over month in September, excluding sales of cars and receipts from petrol stations. Strong results in food and beverage stores (+3.0% m/m) and building material and garden equipment stores (+3.0% m/m) were the main drivers of this expansion. Additionally, e-commerce revenues increased by 3.3% month over month after declining by 1.5% the month before.
As the third quarter came to a close, retail sales picked up steam, increasing 3.5% on a quarterly (q/q) annualized basis. Real consumption spending is expected to increase by 1.5–2.0% in the third quarter as a result of this strong finish.
