Canada’s Retail Sales Decline in December

Falling auto sales were mostly responsible for the 0.2 percent decline in Canada’s retail sales during the month of December. Despite the decrease in spending, the Canadian economy is still expected to have grown by an annualized 2.3 percent for the fourth quarter.

Canadian consumers are also upbeat, according to a new poll that showed confidence in the economy is higher than in any other of the Group of Eight advanced economies.

Source: Reuters

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