Post-Christmas spree lifts Canada Jan retail sales

Newswire

(Adds market reaction, wholesale data) By Gilbert Le Gras OTTAWA, March 26 (Reuters) - Canadian retail sales rose 1.6 percent in January from December, well above market estimates, on a post-Christmas shopping spree and despite weak auto sales, Statistics Canada said on Friday. "Retail trade also benefited from some department store openings and the increasing popularity of gift cards, which are predominantly redeemed in January according to industry sources," Statscan said. The ...

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