加拿大零售支出预计将在9月继续增长，尽管增速将低于8月。加拿大统计局的初步估计显示，9月零售销售额增长了0.7%。
Canadian retail spending is on track to continue growing in September, although at a slower pace than in August.
这一增长紧随8月1.2%的增幅之后，8月的增长得益于所有九个子行业的销售提升。彭博社调查的经济学家预计当月销售额将增长1.3%。
An advance estimate from Statistics Canada suggests retail sales increased by 0.7% in September.
7月销售额下降了0.8%，这是自2025年12月以来的首次下降。8月零售额在数量上也有所增加，增长了1.2%。
That follows a 1.2% boost in August driven by increases across all nine subsectors. Economists surveyed by Bloomberg expected sales to increase by 1.3% that month. Sales had dropped 0.8% in July, marking the first decrease since December 2025.
鉴于9月与美国的贸易紧张局势升级，经济学家警告称8月的回升可能是暂时的。
Sales also picked up in volume terms in August, increasing by 1.2%.
尽管加拿大经济在第二季度摆脱了关税带来的低迷，但7月和8月的GDP增长停滞不前。
Economists had warned the August rebound may be temporary, given the September trade war escalation with the US. Canada’s economy seemed to shake off a tariff-induced slump in the second quarter, but GDP flattened in July and August.
这些零售数据是加拿大央行决策者在下周利率决议前了解加拿大经济状况的最终依据。
The retail data is the final clue Bank of Canada policymakers will get on the health of the Canadian economy before next week’s rate decision. Several traders and economists flipped their call in the last week and now bet on a hike.
上周，一些交易者和经济学家改变了他们的预测，现在预计央行将加息。夜盘掉期交易中，预计下周加息的概率超过80%。
Traders in overnight swaps put the odds of a rate hike at next week’s meeting at over 80%.
周四的零售销售报告显示，8月增长最大的是新车经销商，其销售额增长了1.5%，而前一个月则下降了1.4%。
Thursday’s retail sales report shows the biggest increase in August was recorded by new car dealers, which climbed by 1.5% after falling by 1.4% the previous month.
剔除汽车行业后，8月零售额增长了1.2%，其中食品和饮料零售商的销售额实现了三个月来的首次增长。
Excluding autos, retail rose 1.2% in August, led by higher sales for food and beverage retailers, which posted their first increase in three months.
六个省份的零售额都有所增加，其中安大略省的增幅最大，达到2.2%。多伦多的消费者支出在7月下降4.7%后，8月增长了4%。相比之下，阿尔伯塔省的销售额降幅最大，下降了0.1%。
Retail sales increased in six provinces, led by a 2.2% jump in Ontario. Consumer spending in Toronto climbed 4% after falling 4.7% in July. Meanwhile, Alberta posted the largest decrease, with sales down 0.1%.