Canadian Retail Sales Dip in February; Furniture Up

Canadian seasonally adjusted retail furniture store sales in February increased 1.4% from January to $1.26 billion (CAD) but were 3.1% lower than the same month in 2022. Sales for building material dealers rose 0.2% from January to $3.9 billion but dropped 11% from the comparable period in 2022.

Total Canadian retail sales receded 0.2% from January to $66.3 billion but grew 4.3% from February 2022. See Statistics Canada

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