Canada January retail sales rise 1.3 percent, beat forecast

Fri Mar 21, 2014 8:33am EDT
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(Reuters) - Canadian retail trade in January rose by a higher-than-expected 1.3 percent from December, partially recovering from the extreme weather-related decline the previous month, Statistics Canada data indicated on Friday.

In January, six subsectors rebounded from lower sales in December, led by motor vehicle and parts dealers and building material and garden equipment supplies stores. In volume terms, retail sales rose 1.4 percent.

NOTE: Figures are seasonally adjusted. Analysts had, on average, forecast a rise of 0.7 percent in overall sales and an increase of 0.7 percent excluding auto sales.

(Reporting by Alex Paterson; Editing by Louise Egan)

People shop inside at the Hudson's Bay Company (HBC) flagship department store in Toronto January 27, 2014. REUTERS/Mark Blinch