Retail sales rose 1.1% month-on-month (m/m) in January, coming in below Statistics Canada’s advance estimate of 1.5%. In real terms, sales volumes increased 1.0% m/m, suggesting the gain was largely driven by higher activity rather than prices. Auto sales rebounded, rising 2.0% m/m, driven by new car dealers (+2.5% m/m), marking the first increase in […]
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