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Canadian retail sales dipped in October due to labor issues but surged 1.2% in November, driven by Black Friday shopping.
Canadian retail sales fell 0.2% in October, weighed down by declines in liquor, food, and clothing sales, partly due to labor disruptions in British Columbia.
However, November saw a strong rebound with a projected 1.2% increase, the largest since June, driven by higher spending on discretionary items during the Black Friday-to-Cyber Monday period.
Early card data showed rising retail activity, supported by lower interest rates, though economists warn ongoing economic uncertainties may constrain future growth.
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Las ventas minoristas canadienses cayeron en octubre debido a problemas laborales, pero aumentaron un 1,2% en noviembre, impulsadas por las compras del Black Friday.