Canada’s retail value fell -0.3% mom to CAD 67.0B in January, smaller than expectation of -0.4% mom decline. Sales were down in three of nine subsectors and were led by decreases at motor vehicle and parts dealers (-2.4% mom)
Core retail sales—which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers—were up 0.4% mom.
In volume terms, retail sales increased 0.2% mom.
Advance estimate suggests that sales increased 0.1% mom in February.
Full Canada retail sales release here.
