Canada: Retail sales rebound in February, increase 0.8% following January's 0.4% decline


"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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