Forex Short News

Canada retail sales for December -0.4% versus -0.5% expected

By adminPosted on
Time to Read:-words
Forex Short News
  • Prior 1.3% revised to 1.2%
  • Retail sales ex auto – +0.1% versus 0.3% expected. Prior month revised to 1.6% from 1.7%
  • Sales C$70.0b
  • Advance retail sale for January is expected at 1.5%

Details:

  • Retail sales fell -0.4% to $70.0B in December

  • 3 of 9 subsectors declined, led by motor vehicle & parts dealers

  • Core retail sales (ex-gasoline & autos) decreased -0.3% in December

  • Retail sales volumes were unchanged in December

  • Q4 2025 retail sales rose +0.1%, marking the 7th straight quarterly increase

  • Q4 retail sales volumes fell -0.3%

  • Full-year 2025 retail sales increased +4.0%, led by motor vehicle & parts dealers

  • Retail sales volumes rose +2.3% in 2025

  • Core retail sales fell -0.3% in December, after a +1.5% increase in November

  • Building material & garden equipment dealers sales declined -4.0% (after two consecutive monthly gains)

  • Furniture, home furnishings, electronics & appliance retailers fell -1.7% (second straight monthly decline)

  • Sporting goods, hobby, musical instrument, book & miscellaneous retailers rose +1.0% (largest core gain in December)

Below is the breakdown of the winners and losers in graphical format.

In other data of Canada PPI data for December

  • Headline PPI 2.7% versus -0.9% last month
  • PPI YoY 5.4% vs4.3% last month
  • Raw Material Prices MOM 7.7% vs 0.3% last month
  • Raw Material Prices YoY 8.0% vs 3.5% last month

Details from the CanStat

Industrial Product Price Index (IPPI) – January

  • IPPI rose +2.7% m/m (after -0.9% in December)

  • Primary non-ferrous metals surged +18.2%, leading the monthly gain

  • Precious metals drove the move:

    • Silver +40.7%

    • Platinum group metals +25.3%

    • Gold +9.9%

  • Industrial metals also higher:

    • Copper +10.3% (5th straight monthly increase)

    • Nickel +19.5%

  • Energy & petroleum products rose +1.7% (diesel +3.4%, gasoline +2.6%)

  • Softwood lumber +3.7% on tight supply from winter conditions & mill closures

  • IPPI up +5.4% y/y (16th consecutive annual increase)

Raw Materials Price Index (RMPI) – January

  • RMPI rose +7.7% m/m

  • Metal ores, concentrates & scrap +15.6% (9th straight monthly gain)

    • Silver ores +41.8%

    • Gold ores +9.5%

    • Nickel ores +19.2%

    • Copper ores +10.6%

  • Crude energy products +4.6% (conventional +4.9%, synthetic +4.3%)

  • RMPI up +8.0% y/y

    • +25.7% y/y ex-crude energy

  • Annual gains led by:

    • Gold, silver & platinum ores +109%

    • Copper ores +35.4%

    • Cattle & calves +13%

  • Crude oil prices down y/y:

    • Conventional -22.1%

    • Synthetic -19.7%

Some wild numbers with Gold, silver and platinum setting record high prices in January as global geopolitical uncertainty drove safe-haven investment demand. The price of Gold has decreased from a high in January of $5598. The current price is lower at $5026, but off the corrective low at $4402 . Meanwhile, China implemented restrictions on silver exports effective January 1

This article was written by Greg Michalowski at investinglive.com.