Canadian retail sales increase strongly

(Sept. 25, 2012) -- Nominal retail sales in July 2012 rose by a robust 0.7 percent in the month with the decline in June lessened to 0.3 percent from 0.4 percent previously. Expectations were for a monthly increase in July of only 0.2 percent, said Ferley. The unexpected strength was in large part concentrated in sales at motor vehicle dealerships where activity rose 1.7 percent. 

Consumer confidence rises 9 points

(Sept. 25, 2012) -- "Consumers were more positive in their assessment of current conditions, in particular the job market, and considerably more optimistic about the short-term outlook for business conditions, employment and their financial situation," said Franco. "Despite continuing economic uncertainty, consumers are slightly more optimistic than they have been in several months.”