1 of 1
Story summary
- Bank of Montreal projects January retail sales to rise 1.5%, reversing December's decline.
- Statistics Canada reports January retail sales rose 1.1% to $70.7 billion, led by motor vehicle sales, while oil and gas prices may affect inflation and spending.
- Core retail sales excluding fuel and vehicles rose 0.9%.
- Scotiabank expects a strong first quarter start and notes February may show a 0.9% gain.
