Lower spending on food and drink leads to weaker sales

  • Canada retail sales fell 0.2% in November
  • Lower spending on food and drink contributed to the decline
  • Sales were weaker than expected
  • Preliminary estimate and consensus forecast were for sales to be relatively unchanged
  • Early indications suggest a 0.8% increase in December sales

Retail sales in Canada fell 0.2% in November, primarily due to lower spending on food and drink. This decline was unexpected, as both the preliminary estimate and consensus forecast predicted relatively unchanged sales for the month. However, early indications suggest a 0.8% increase in December sales, although this figure is based on a limited survey sample and may be revised.

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Factuality Level: 8
Justification: The article provides factual information about the decline in retail sales in Canada in November, as reported by Statistics Canada. It also mentions the preliminary estimate and consensus forecast of economists, indicating that the information is based on multiple sources. However, the article does not provide any additional context or analysis, which could have enhanced its factuality level.

Noise Level: 6
Justification: The article provides information on retail sales in Canada, but it lacks in-depth analysis and context. It mentions that sales fell in November and provides some figures, but it does not explore the reasons behind the decline or the potential implications. The article also mentions a preliminary estimate for December sales, but acknowledges that the figure is based on a small sample size and will be revised. Overall, the article lacks depth and does not provide actionable insights or new knowledge.

Financial Relevance: Yes
Financial Markets Impacted: The article does not provide any information on financial markets or companies impacted.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses retail sales in Canada, which is a financial topic. However, there is no mention of any extreme event or its impact.

Reported publicly: www.marketwatch.com