Canadian Retail Sales Increased 1% in January on Automobiles
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Canadian retail sales gained in January to recoup some of December’s plunge on advances at auto dealerships and department stores.
Sales climbed 1 percent to C$38.9 billion ($38.1 billion), Statistics Canada said today in Ottawa, following a revised drop of 2.3 percent in the prior month, the biggest since April 2010. Economists surveyed by Bloomberg News forecast a 0.9 percent increase, based on the median of 22 projections.