{"id":235791,"date":"2025-10-23T19:42:08","date_gmt":"2025-10-23T19:42:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/235791\/"},"modified":"2025-10-23T19:42:08","modified_gmt":"2025-10-23T19:42:08","slug":"latest-retail-sales-figures-keep-boc-on-track-for-cuts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/235791\/","title":{"rendered":"Latest retail sales figures keep BoC on track for cuts"},"content":{"rendered":"<p>\u201cAuto sales contributed to the August advance, although that was offset by a decline in the other often volatile segment of gasoline stations.\u201d<\/p>\n<p>However, the momentum appears short-lived. StatCan\u2019s advance estimate for September points to a 0.7% drop in retail sales, which could look even weaker in volume terms as goods prices ticked higher.<\/p>\n<p>\u201cDespite a decent August report, the disappointing September flash highlights the underlying weakness in Canadian retail spending,\u201d said Shelly Kaushik, senior economist at Bank of Montreal.<\/p>\n<p>\u201cNet risks remain to the downside given ongoing trade uncertainty, keeping the Bank of Canada on its dovish path. We continue to believe that the Bank <a href=\"https:\/\/www.mpamag.com\/ca\/mortgage-industry\/market-updates\/heres-what-economists-say-about-rate-cut-chances-after-latest-inflation-surprise\/553881\" rel=\"nofollow noopener\" target=\"_blank\">isn\u2019t done easing just yet<\/a>.\u201d<\/p>\n<p>Grantham also noted that retail sales volumes have barely changed since December, reflecting weak consumer confidence due to United States tariff uncertainty and a softer job market, \u201cand justifying a further interest rate cut from the Bank of Canada next week.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cAuto sales contributed to the August advance, although that was offset by a decline in the other often&hellip;\n","protected":false},"author":2,"featured_media":235792,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,141362,99,15855,171,98219],"class_list":{"0":"post-235791","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-au","9":"tag-australia","10":"tag-boc-rate-cuts","11":"tag-business","12":"tag-economists","13":"tag-markets","14":"tag-retail-sales"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/235791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=235791"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/235791\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/235792"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=235791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=235791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=235791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}