Canadian Retail Sales Up in January; Furniture Dips

Canadian seasonally adjusted retail furniture store sales in January decreased 1% from December 2022 to $1.23 billion (CAD) and were 7.9% lower than the same month in 2022. Sales for building material dealers rose 1.5% from December to $3.9 billion but dropped 8.4% from the comparable period in 2022.

Total Canadian retail sales rose 1.4% from December to $66.4 billion and grew 5% from January 2022. See Statistics Canada

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