Canadian Retailers Post Gains in May on Gasoline Prices

Canadian retail sales advanced in May for a second month, as rising prices continued to fuel sales at gas stations.

Retail sales rose 0.2 percent in May, after a gain of 0.8 percent a month earlier, Statistics Canada reported Friday, even as car sales slumped 2 percent during the month. Excluding autos, sales were up 0.9 percent. Gasoline stations recorded a

2.3 percent gain.

Combined with strong gains in January and February, retail sales this year are up 4.9 percent, the best start to a year in six years.

Economists surveyed by Bloomberg forecast retail sales would be unchanged, and excluding autos would rise 0.3 percent.

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