"Following three consecutive monthly declines, retail sales rose 0.8% in February to $50.6 billion," Statistics Canada reported on Thursday.
Key takeaways from the press release
- Sales were up in 5 of 11 subsectors, representing 73% of retail trade.
- Higher sales at general merchandise stores and motor vehicle and parts dealers were the main contributors to the increase.
- After removing the effects of price changes, retail sales in volume terms were up 0.2%.
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