Canadian News View:

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%.

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Sales at motor vehicle dealers grew 1.8%, and electronics and appliance stores saw sales jump 8.9%. Apple released its iPad mini tablet computer in November.

But sales were up only in 4 of 11 subsectors representing 32% of total retail trade, Statscan said, and excluding the auto sector, they fell 0.3% in the month.

Consumer spending has been a key engine…

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