Canada Retail Sales Rose Faster-Than-Expected 1.7% in February

Canadian retail sales rose faster than economists forecast in February, with gains across all major categories led by general merchandise stores and the first gain in car sales in five months.

Sales rose 1.7 percent to C$42.2 billion ($34.7 billion), Statistics Canada said Friday in Ottawa, faster than all 17 forecasts in a Bloomberg survey that had a median gain of 0.5 percent.

Receipts rose 5.6 percent to C$5.67 billion at general merchandise stores, and by 0.9 percent at motor vehicle and parts dealers, Statistics Canada said.

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