A Sign of Consumer Confidence

It was announced today that Canadian retail sales grew in January by 1.9 percent. 

"Statistics Canada said sales rose in five of the eight retail sectors, led by a 3.8 per cent increase in the automotive sector.

The main contributor to the increase in the automotive sector in January was a 6.4 per cent rise in the value of sales at new car dealers, following a 15.1 percent decline the previous month" CBC News www.cbcnews.ca

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