Retail sales contracted by 0.4% month-on-month (m/m) in February, in line with the Statistics Canada’s advanced estimate. After adjusting for inflation, the volume of retail sales posted a 0.4% m/m decline. The biggest drag came from motor vehicle and parts dealers, where sales fell 2.6% m/m, building on January’s weakness. Ex-autos, sales were flat. Receipts […]
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