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.
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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