Investing.com - Core retail sales in Canada rose less-than-expected in February, while total retail sales figures beat forecasts, official data showed on Tuesday.
In a report, Statistics Canada said core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.7% in February, compared to expectations for a 1% increase.
January’s figure was revised down to a 0.4% increase from a previously reported gain of 0.5%.
Total retail sales rose by a seasonally adjusted 0.8% in February, above expectations for a 0.5% gain, after rising by a downwardly revised 0.9% in January.
Following the release of the data, the Canadian trimmed losses against its U.S. counterpart to trade almost unchanged, with USD/CAD adding 0.01% to trade at 1.0259.
In a report, Statistics Canada said core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.7% in February, compared to expectations for a 1% increase.
January’s figure was revised down to a 0.4% increase from a previously reported gain of 0.5%.
Total retail sales rose by a seasonally adjusted 0.8% in February, above expectations for a 0.5% gain, after rising by a downwardly revised 0.9% in January.
Following the release of the data, the Canadian trimmed losses against its U.S. counterpart to trade almost unchanged, with USD/CAD adding 0.01% to trade at 1.0259.