Retail sales rise 2.2% to $46 billion in January

0

Retail on offers increased by 2.2 per cent to $46 billion in January led by broad-based earns in every province and almost every type of store.

Sales at motor mechanism and parts dealers led the way with gains of  3.8 per cent. Sales at vigour and personal care stores increased 6 per cent, and general merchandise on the blocks were up by 1.8 per cent.

«This was a good report all around,» TD Bank economist Dina Ignjatovic hinted. «Consumers will remain a key driver of economic activity this year.»

RETAIL SALES IN JANUARY

The solely type of store to see lower sales were sporting goods, pastime, books and music stores, where sales fell 0.1 per cent.

All in all, the hosts beat what economists had been expecting.

«After a strong end to 2016, it seems as though the economy is off to a good start in 2017,» Benjamin Reitzes articulate. «It’s going to be awfully hard for the Bank of Canada to look through this gamester performance.» 

Leave a Reply

Your email address will not be published. Required fields are marked *