Retail sales in Canada showed growth in April. The general growth has mostly been caused by increase of sales at filling stations.
Retail turnover has increased to 44.3 bln. dollars, which is an 0.9% rise after a drop by 0.8% in March. In general turnover has grown due to price rise, as in natural terms the volume of sales has not changed.
Out of eleven branches of retail trade, seven branches, which make 64% of the total turnover, have shown growth of sales.
Sales at filling stations have stipulated growth of retail goods turnover the most. This is the first time sales have shown growth since June last year, having increased in April by 6.0% due to 8.9% rise of petrol prices.
Without considering trade on filling stations, sales have increased by 0.4%. Biggest growth (6.1%) has been shown by sales of interior objects and furniture. Considerable growth also falls on sales in groceries (3.7%) and shops, specializing on goods of personal use and hygiene, jewelry, and goods for cars. At the same time, sales of clothes and accessories have shown the biggest decline – by 2.7%.
Negative selling dynamics has also been shown by book and music shops, shops selling sport goods, as well as appliance shops.
Meanwhile, exchange rate of Canadian dollar keeps forming correction to long-term trend for strengthening against American dollar. USD/CAD pair is falling within wave A/B of not less than Daily2 level, as supposed by experts of Masterforex-V Trading System . As of 23 June 2016 the currency pair is within sub-wave а(С)/C of a downtrend. Closest support is provided by Fibonacci levels 1.2545/27 and minimal points 1.2653 and 1.2459. The current wave will finish when pivot MF 1.3084 and line of descending sloping channel MF are broken.
