Retail sales in Canada increased by 1.4% in October, according to a report issued by Statistics Canada moments ago, recording its largest increase in five months, to reach $62.0 billion, after declining by about 0.6% in the revised September reading, while expectations had indicated that it would rise to 1.5%.

The main index excluding gasoline prices and trade in cars and spare parts increased by 0.9%.

In details, sales at petrol stations increased by 6.8%, an increase for the first time in four months, while sales in cars and spare parts trade increased by 0.3% in October, and sales of food and beverage stores increased by 2.2%.

The Canadian dollar is trading at 1.3621 levels against the US dollar, on the rise, after announcing the data.