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Canadian retail sales dipped 0.4% in December, driven by auto and furniture declines, amid mixed consumer spending.
Canadian retail sales fell 0.4% in December to C$70.01 billion, slightly better than the expected 0.5% drop, driven by a 1.6% decline in motor vehicle and parts dealers, with new and used car sales both down 1.8%.
Core sales, excluding autos and gasoline, dropped 0.3%, while building materials and furniture retailers saw significant declines.
Sales volumes remained flat, and an early January estimate suggests a 1.5% rebound.
The data reflects mixed consumer spending amid economic uncertainty, with economists noting a modest drag on fourth-quarter GDP.
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Las ventas minoristas canadienses cayeron un 0,4% en diciembre, impulsadas por la caída de automóviles y muebles, en medio de un gasto mixto de los consumidores.