Canada retail sales rose 2.2% mom in May, and 0.3% mom in Jun

Canada retail sales rose 2.2% mom to CAD 62.2m in May, above expectation of 1.6% mom. That’s the fifth consecutive growth where sales were up in 8 of 11 subsectors. Excluding gasoline stations and motor vehicles and parts, sales rose 0.6% mom.

Statistics Canada estimated that sales increased 0.3% mom in June.

Full release here.