Finally some signs of Canada moving in a positive direction.
Originally posted on Financial Post | Business:
OTTAWA — Canadian retail sales unexpectedly rose 0.2% in November from October to a record high of $39.4 billion as shoppers bought more new cars and electronics, according to Statistics Canada data on Tuesday.
Analysts in a Reuters survey had expected sales to remain flat in the month. Retail sales have risen for five consecutive months and were up 1.4% compared with a year earlier.
In volume terms, used to calculate gross domestic product growth for November which will be released on Jan. 31, sales rose 0.8%.