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Canadian retail sales rose less than forecast in December, but managed to snap back from a decline in the previous month, official data revealed Friday.
Retail sales in current dollars rose 0.4% in the holiday season to $35.3 billion, mostly offsetting the decline in November, according to Statistics Canada.
Economists expected retail sales to rise 0.6%.
Sales in volume terms increased 0.6% in December. Retail sales volumes have been following an upward trend since the beginning of 2009, the agency noted.
Sales increased in five of eight retail store sectors in December. November's unseasonably warm weather caused some consumers to postpone purchases of clothing and footwear until December.
Sales in the automotive sector rose 0.9% in December, while lower sales at food and beverage stores (-1.3%) dampened retail sales in December.
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