Investing.com - Core retail sales in Canada rose more-than-expected in January, while total retail sales figures were in line with forecasts, official data showed on Thursday.
In a report, Statistics Canada said core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.5% in January, compared to expectations for a 0.4% increase.
December’s figure was revised down to a 1% decline from a previously reported fall of 0.9%.
Total retail sales rose by a seasonally adjusted 1% in January, in line with expectations, after tumbling by 2.3% in December.
Following the release of the data, the Canadian was higher against its U.S. counterpart, with USD/CAD shedding 0.52% to trade at 1.0207.
In a report, Statistics Canada said core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.5% in January, compared to expectations for a 0.4% increase.
December’s figure was revised down to a 1% decline from a previously reported fall of 0.9%.
Total retail sales rose by a seasonally adjusted 1% in January, in line with expectations, after tumbling by 2.3% in December.
Following the release of the data, the Canadian was higher against its U.S. counterpart, with USD/CAD shedding 0.52% to trade at 1.0207.