Canadian retail sales edged down in November amid a broad consumer spending pull back.
Core retail sales, which exclude gasoline stations and motor vehicle and parts dealers, dropped 1.1 per cent — the largest decline in 11 months.
“Retail sales came in better than expected in November, with the headline decrease helped by higher prices as volumes posted a larger drop.” The decrease was led by lower sales at building material and garden equipment and supplies dealers, down 3.8 per cent from the previous month, and food and beverage stores, down 1.6 per cent.
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