Canada's retail sales increased 0.7% in January, gaining on momentum from December when retail sales grew 0.5%. Find out more.
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“Some of the resilience in the headline was due to strong auto sales, as improved auto production helped to clear the backlog of orders. Consumers also got some reprieve from financial headwinds at the end of the year, marked by a sizeable drop in gasoline prices,” Ksenia Bushmeneva, an economist at Toronto-Dominion Bank, wrote in a note.Article content
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