Investing.com – Core retail sales in Canada rose more-than-expected in November, increasing for the fourth consecutive month, official data showed on Tuesday.
In a report, Statistics Canada said core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.3% in November, beating expectations for a 0.2% increase.
Core retail sales for October were revised down to a 0.6% gain from a previously reported 0.7% increase.
Total retail sales rose by a seasonally adjusted 0.3% in November, broadly in line with expectations. Retail sales for October were revised down to a 0.9% increase from 1.0%.
This marks the seventh increase in eight months and a fourth consecutive monthly gain.
Gains were reported in 7 of 11 subsectors, representing 65% of total retail sales.
Following the release of the data, the Canadian dollar remained lower against its U.S. counterpart, with USD/CAD gaining 0.48% to trade at 1.0136.
In a report, Statistics Canada said core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.3% in November, beating expectations for a 0.2% increase.
Core retail sales for October were revised down to a 0.6% gain from a previously reported 0.7% increase.
Total retail sales rose by a seasonally adjusted 0.3% in November, broadly in line with expectations. Retail sales for October were revised down to a 0.9% increase from 1.0%.
This marks the seventh increase in eight months and a fourth consecutive monthly gain.
Gains were reported in 7 of 11 subsectors, representing 65% of total retail sales.
Following the release of the data, the Canadian dollar remained lower against its U.S. counterpart, with USD/CAD gaining 0.48% to trade at 1.0136.