Retail e-commerce sales in Canada up by three-quarters year over year

Statistics Canada says core retail sales (which excludes gasoline stations and motor vehicle and parts dealers) rose 1.1 per cent to mark the fifth consecutive monthly increase since the record drop in April due to the pandemic. That surpassed the 0.2% gain economists expected.

As a result, the Canadian dollar edged higher against its U.S. counterpart on Friday as domestic data showed a stronger-than-expected increase in September retail sales, with the currency adding to this week’s advance.

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Source: J.C. Williams Group