Canada retail sales rose 1.1% mom to CAD 65.9B in April, well above expectation of 0.3% mom. Sales increased in eight of nine subsectors and were led by increases at general merchandise retailers (+3.3%) and food and beverage retailers (+1.5%). Ex auto and fuel sales rose 1.5% mom, its fifth consecutive monthly increase. In volume terms retail sales rose 0.3% mom.
Advance estimates suggests that sales rose 0.5% mom in May.
 and food and beverage retailers (+1.5%). Ex auto and fuel sales rose 1.5% mom, its fifth consecutive monthly increase. In volume terms retail sales rose 0.3% mom.){kind=link}