Canada Retail Sales Rise at Fastest Pace Since 2010 on Cars

Canadian retail sales rose at the fastest pace in almost six years, driven by car sales.

Sales rose 2.1 percent to C$44.2 billion, Statistics Canada said Friday in Ottawa, the biggest gain since March 2010. Economists surveyed by Bloomberg News had anticipated a 0.6 percent gain.

Sales increased in seven of 11 categories marking 82 percent of total sales. In volume terms, retail sales rose 2.1 percent. Motor vehicle and parts sales rose 4.8 percent to C$11.6 billion.

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