Canada retail sales value rose 1.4% mom to CAD 66.4B in January, above expectation of 0.7% mom. Sales increased in seven of nine-subsecotrs, led by sales at motor vehicle and parts dealers (+3.0%) and gasoline stations and fuel vendors (+2.9%).
Core retail sales—which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers—increased 0.5% in January.
Advance estimates indicates that sales deceased -0.6% mom in February.
