Canada's latest retail spending data reveals softer consumer demand heading into year-end. Core retail sales slipped 0.6% month-over-month in October, falling short of expectations for flat growth and marking a continuation of weakness from September's -0.1% decline. The broader retail sales index showed similar pressure, declining 0.2% when economists anticipated no change, though it did stabilize compared to the prior month's steeper -0.9% contraction.

These figures signal cooling consumer activity in one of North America's key economies. For crypto and digital asset investors, such macroeconomic indicators matter—they influence central bank policy trajectories, currency valuations, and overall risk appetite in financial markets. Weaker retail data typically supports arguments for looser monetary conditions, which could shape both fiat and crypto market dynamics going forward.