Retail Pullback and Loonie Slide Signal Softening Canadian Economy

0.7% — The monthly drop in Canadian retail sales in July, marking the first decline since December 2025 and signaling consumers are pulling back after a strong first half of the year.

Money Moves

• Retail sales fell to $73.7 billion in July, with broad-based declines across eight of nine subsectors; general merchandise retailers led the drop at -1.9%.
• Canadian dollar slipped below 71 cents US for the first time since July, down 1.7% this month...