UPDATE 2-Canada Nov retail sales unexpectedly jump to record high

Tue Jan 22, 2013 11:08am EST
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* Nov retail sales up 0.2 pct vs forecast of no change

* Sales excluding autos fall 0.3 pct

* Autos, electronics push up overall sales in the month

OTTAWA, Jan 22 (Reuters) - Canadian retail sales jumped in November despite predictions they would stall, giving a boost to economic growth but not changing expectations that the pace of increases in consumer spending will continue to slow.

Retail sales climbed 0.2 percent to a record high of C$39.4 billion ($39.8 billion), with new cars and electronics contributing most to the gains, Statistics Canada said on Tuesday.

Analysts said the adoption of U.S.-style "Black Friday" events in November to persuade Canadian shoppers to spend cash at home instead of across the border in U.S. malls may have helped retailers.

"Retailers can once again thank a stronger Black Friday push in November for helping to gussy up their bottom lines," said Emanuella Enenajor, economist at CIBC.

The average forecast in a Reuters survey was for sales to remain flat. Retail sales have risen for five consecutive months and were up 1.4 percent in November from a year earlier.   Continued...