US Dollar Slips as Soft Economic Data Eases Fed Rate Hike Expectations 
European Stocks Edge Higher as Fed Rate Pause Bets Rise 
US Stock Futures Steady as Cooling Inflation and Strong Earnings Support Markets 
Dollar Slides as Soft U.S. Data Cuts Fed Rate Hike Bets 
Citadel Warns High Treasury Yields Pose Broader Market Risks 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Japan Economy Grows 1.1% in Q2 as Consumer Spending Stalls 
Australian Consumer Sentiment Jumps 6% in August as Rate Outlook Improves 
Wall Street Slides as Treasury Yields Surge to 19-Year High 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Gold Prices Hold Near $4,400 as Fed Rate Hike Bets Fade 
Canada Faces 50% U.S. Tariffs as Trade Tensions Threaten USMCA Talks 
US Dollar Holds Steady as Fed Rate Bets and Iran Tensions Drive Markets 
Morgan Stanley Sees Fed Holding Rates as U.S. Inflation Cools 
Add as a preferred source on Google
[Correction made in second para]
Retail sales in Canada rose in May, coming in more than consensus projections. Moreover, April’s data was revised downward a bit. Retails sales rose 0.2 percent in May, whereas in volume terms it was relatively flat, rising 0.1 percent. A robust end to 2015 and firm beginning to 2016 seems to be winding down, noted TD Economics in a research report.
Even if retail sales exceeded the flat consensus view, the volume rises seemed to have lost momentum. The Canadian economy is likely to contract 0.9 percent in the second quarter, adding in expected wildfire effects. Retail sales in the third quarter are expected to rebound as wildfire reconstruction and new home furnishing sales would give a slight lift up, according to TD Economics.
May’s retail sales were mainly driven by increased sales at beverages and food stores that recorded 2.1 percent rise in May. This was the fourth rise in five months. Sales at liquor stores increased 6 percent in May, whereas at grocery stores it climbed 1.6 percent. Sales at gasoline stations also contributed to the headline rise, climbing 2.3 percent in May following a 6.4 percent increase in April. Sales in other sectors came in flat or dropped. Furniture sales dropped 3.5 percent, sales at general merchandise stores fell 0.5 percent, whereas motor vehicle and parts dealers recorded drop of 2 percent.
Region wise, sales rose in seven of the ten provinces. Quebec and Newfoundland & Labrador registered growth of 1 percent each, while Manitoba recorded growth of 0.5 percent. Year-to-date sales in Ontario, Manitoba, B.C., Quebec and PEI continued to be high. On the contrary, retail sales remained subdued in Saskatchewan, Alberta and Newfoundland and Labrador. Sales in Alberta declined 1.1 percent.
