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Shoppers are seen at the Toronto Eaton Centre in Toronto, Ontario, Wednesday April 23, 2014. (Kevin Van Paassen For The Globe and Mail)
Shoppers are seen at the Toronto Eaton Centre in Toronto, Ontario, Wednesday April 23, 2014. (Kevin Van Paassen For The Globe and Mail)

Canadian April retail sales rise to record high Add to ...

Canadian retail sales beat expectations in April, rising 1.1 per cent from March in the strongest gain in 11 months to an all-time record C$41.62-billion ($38.54-billion), according to Statistics Canada data on Friday.

The agency also revised March’s figure to a 0.1 per cent rise from a 0.1 per cent fall.

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The median forecast in a Reuters survey of economists was for a 0.6 per cent rise. Auto sales led the surge.

The volume of sales, relevant for real growth in gross domestic product, rose by 0.8 per cent. Statscan had earlier reported a 1.2 per cent rise in wholesale trade and a 0.1 per cent fall in manufacturing sales for April.

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