UPDATE 1-Canada retail sales up in Feb but still lower than Nov

Wed Apr 23, 2014 8:42am EDT
 
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* Retail sales up 0.5 pct in Feb; Jan +0.9 pct; Dec -1.4 pct

* Dollar value still not fully recovered from Dec losses

* Volume of sales +0.1 pct but 0.8 pct lower than Nov peak

* Excluding auto and parts dealers, sales up 0.6 pct

OTTAWA, April 23 (Reuters) - Canadian retail sales grew for the second consecutive month in February, by 0.5 percent from January, but still have not completely recouped December's weather-induced losses, according to Statistics Canada data released on Wednesday.

The sales increase follows a 0.9 percent rise in January and a 1.4 percent drop in December. The value of sales was C$41.03 billion ($37.30 billion), still a shade lower than November's peak of C$41.05 billion. All the figures are seasonally adjusted.

In volume terms, relevant for calculating real economic growth, sales advanced by 0.1 percent in February but remained a full 0.8 percent below November's peak.

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