Canada retail sales rose 0.5% MoM in April, the fourth consecutive monthly increase, led by higher sales at gas stations and fuel retailers, Statistics Canada said Friday. Seasonally adjusted retail sales reached CAD73.03 bln (about USD51.65 bln), slightly below the agency’s earlier 0.6% estimate and down from March’s 0.9% gain. Sales were up 3.7% YoY. Statistics Canada said preliminary May data show a 1.0% increase based on responses from 52.1% of surveyed retailers; the May figure is subject t

Canada retail sales rose 0.5% MoM in April, the fourth consecutive monthly increase, led by higher sales at gas stations and fuel retailers, Statistics Canada said Friday. Seasonally adjusted retail sales reached CAD73.03 bln (about USD51.65 bln), slightly below the agency’s earlier 0.6% estimate and down from March’s 0.9% gain. Sales were up 3.7% YoY. Statistics Canada said preliminary May data show a 1.0% increase based on responses from 52.1% of surveyed retailers; the May figure is subject to revision.