12/22/2009

Posting their eighth increase in 10 months, Canada's retail sales rose 0.8% in October, Statistics Canada said. The automotive sector led with a 3% increase. "It was the first month where the value of sales at new-car dealers was higher in 2009 than in 2008," Statistics Canada said. "While gasoline stations (up 2.5%) registered higher sales for a third consecutive month, their sales level continued to be well below the price-driven peak reached in the summer of 2008."

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