Canada: Retail Sales Increase by 1.1% in September

Retail Sales in Canada rose by 1.1% on a monthly basis in October to $ 53.9 billion, the data published by Statistics Canada showed on Friday. This reading followed August’s increase of 0.4% and came in slightly lower than the market expectation of 1%.

“Rounding out the third quarter, retail sales were up 22.6% compared with the second quarter. In volume terms, retail sales rose 21.5%,” the publication further read.