Retail sales in Canada rose by 0.9% in April, according to a report by Statistics Canada issued just moments ago, to reach $60.7 billion, after declining by about 0.0% in March, exceeding expectations that indicated a growth of about 0.8%, as the growth in April was supported by higher sales in general merchandise stores. By 4.2%.
The main index excluded from the prices of gasoline and the trade of cars and spare parts by 1%.
In details, sales rose in six of the 11 sub-sectors, representing about 43.3% of the retail trade, while sales of building materials and garden equipment declined by -4.3 percent for the first time in four months.
The Canadian dollar is trading at 1.2938 levels against the US dollar, up about 20 pips, after the data was announced.