Investing.com – Core retail sales in Canada rose more-than-expected in September, official data showed on Tuesday.
In a report, Statistics Canada said core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.5% in September, beating expectations for a 0.4% increase.
Core retail sales rose by an unrevised 0.4% in August.
Total retail sales rose by a seasonally adjusted 1.0% in September, doubling expectations for a 0.5% gain. Retail sales for August were revised up to a 0.6% increase from a previously reported 0.5%.
This marks the fifth increase in six months and was the largest advance since November 2010.
Gains were reported in 9 of 11 subsectors, representing 90% of retail sales. Motor vehicle and parts dealers registered the largest increase in sales.
Following the release of the data, the Canadian dollar pared gains against its U.S. counterpart, with USD/CAD easing down 0.03% to trade at 1.0396.
In a report, Statistics Canada said core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.5% in September, beating expectations for a 0.4% increase.
Core retail sales rose by an unrevised 0.4% in August.
Total retail sales rose by a seasonally adjusted 1.0% in September, doubling expectations for a 0.5% gain. Retail sales for August were revised up to a 0.6% increase from a previously reported 0.5%.
This marks the fifth increase in six months and was the largest advance since November 2010.
Gains were reported in 9 of 11 subsectors, representing 90% of retail sales. Motor vehicle and parts dealers registered the largest increase in sales.
Following the release of the data, the Canadian dollar pared gains against its U.S. counterpart, with USD/CAD easing down 0.03% to trade at 1.0396.