**Canada’s retail sales edged up slightly in June, lifted by a rebound in auto sales, but the broader trend remains weak, suggesting that consumers are still cautious about spending amid high inflation and rising interest rates.**.
According to Statistics Canada, retail sales rose 0.6% in June from May, slightly above analysts’ expectations of a 0.5% increase..
However, the increase was largely due to a 3.2% jump in sales at motor vehicle and parts dealers, which offset declines in other categories..
Excluding autos, retail sales actually fell 0.3%..
