October’s retail sales missed expectations, falling 0.2% M/M on a 0.6% drop in volumes.

An ~11% drop in alcohol retailers drove a 2% decline in food and beverage sales, which more than offset a recovery in sales of motor vehicles and parts…

which helped results in Ontario stabilize, while other key provinces were weaker versus September.

That weakness looks set to reverse in November, with preliminary estimates calling for a 1.2% improvement.

You might be interested in…

Disclaimer: Content on this site, including research reports, is provided by Bullpen Finance Inc. for informational purposes only and does not constitute investment advice. Bullpen Finance Inc. receives compensation from issuers for research coverage; such compensation does not influence opinions expressed. For complete disclosures, please see our Legal & Disclosures section.