Canada retail sales rose 3.2% mom in Jan, but to drop -0.5% mom in Feb

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Canada retail sales rose 3.2% mom in Jan, but to drop -0.5% mom in Feb

Canada retail sales rose 3.2% mom to CAD 58.9B in January, better than expectation of 2.4% mom. The increase was led by higher sales at motor vehicle and parts dealers (+5.3%), as sales at new car dealers (+5.5%) rebounded. Sales were up in 9 of 11 subsectors, representing 85.5% of retail trade. Core retail sales--which […]

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Source: Canada retail sales rose 3.2% mom in Jan, but to drop -0.5% mom in Feb