Canada: Retail sales up 0.3% in January

Haresh Menghani FXStreet

“Retail sales increased 0.3% in January to $49.9 billion,” the Statistics Canada reported this Friday.

Key highlights:

• Sales were up in 7 of 11 subsectors, representing 63% of retail trade.
• Excluding sales at motor vehicle and parts dealers, retail sales increased 0.9%.
• After removing the effects of price changes, retail sales in volume terms rose 0.1% in January.

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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