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Canada retail sales rose 1.6% mom in Oct, to rise further 1.2% in Nov

ActionForex
By ActionForex

Canada retail sales rose 1.6% mom to CAD 57.6B in October, above expectation of 1.2% mom. Growth was led by higher sales at motor vehicle and parts dealers (+2.2%), as new car dealer sales (+2.8%) rebounded. Sales increased in 7 of 11 subsectors, representing 59.9% of retail trade. Core retail sales, excluding gasoline stations and motor vehicle and parts dealers, rose 1.5% mom.

According to advance estimate, retail sales rose 1.2% mom in November.

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