Urgent: Retail sales data in Canada is negative and lower than market expectations.

Data released by Statistics Canada on Friday showed negative performance in retail sales data for Canada in November, with retail sales growing by 0.6% month-on-month, which is below expectations of a 0.7% increase. The previous reading recorded a growth of 0.4% in October, which was revised upwards to 0.6%. On the other hand, the core retail sales index (excluding car sales) recorded a growth of 0.1% in November, which was higher than market expectations that indicated a growth of only 0.3%. This followed a 0.9% increase in the same index in October, which was revised to 1.1%. It is worth noting that this index measures the change in the total value of inflation-adjusted sales at the retail level. Additionally, this index is a measure of the value of goods sold by retailers based on a sample of retail stores of various types and sizes, and the data includes all sales conducted through the internet.