OTTAWA (Reuters) – Canadian retail sales picked up in September as auto purchases climbed for the first time in three months on demand for new cars, data from Statistics Canada showed on Tuesday, reinforcing expectations that economic growth rebounded in the third quarter.
Retail sales rose 0.6 percent, in line with economists’ expectations, but would have been flat without the increased purchases of cars and parts.
Sales at motor vehicle and parts dealers led the way, rising 2.4 percent. Besides the increase in new car sales, Canadians paid more for gasoline.
Despite the large contribution from motor vehicle sales, the increased sales …
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