Canada: retail sales increased 0.6% in March

Haresh Menghani FXStreet

"Retail sales increased for the third consecutive month in March, rising 0.6% to $50.2 billion," Statistics Canada reported this Friday.

Main highlights:

• Sales were up in 6 of 11 subsectors, representing 53% of retail trade.
• Excluding sales at motor vehicle and parts dealers, retail sales were down 0.2% in March.
• After removing the effects of price changes, retail sales in volume terms increased 0.8%.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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