Canadian Retail Sales Rise in February

anadian retail sales in February rose by 0.5% from January, but still have not fully regained December’s weather-induced losses, according to Statistics Canada data on Wednesday.

The value of sales was $41.03 billion, still a shade lower than November’s $41.05 billion. The volume of sales rose 0.1% in February from January but remained a full 0.8% below November’s peak.

Gains were reported in February in seven of 11 sectors, representing 56% of retail trade, led by health and personal care stores and general merchandise stores.

via BayStreet

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza