According to a comprehensive report from WorldWay: Statistics Canada announced that, driven by a significant increase in food and automotive sales, Canada's 4th month total retail sales rose 1.1% month-on-month to a record high of 41.62 billion Canadian dollars. This increase is the largest in 11 months, significantly exceeding the market expectation of a 0.6% rise. The 3rd month figure was revised from an initial decline of 0.1% to an upward revision of a 0.1% rise; the year-on-year increase was 5.1%.
During this period, automotive parts sales rose 2.4% month-on-month to 9.69 billion Canadian dollars. Core retail sales, excluding automotive parts, saw a month-on-month growth rate accelerate to 0.7%, exceeding the market expectation of a 0.4% rise, while the 3rd month figure was slightly revised upward to a 0.2% rise; the year-on-year increase was 4.8%.
