Canada's retail sales up 1.4% to recover in October

Gain follows 2nd decline in last 9 months during September

By Ovunc Kutlu

ISTANBUL (AA) - Canada's retail sales rose 1.4% to $62 billion in October, recovering from the previous month's decline, the country's statistical authority said Tuesday.

But the figure was just below expectations of a 1.5% monthly gain.

The fall in September, which marked the second decline in the last nine months, was revised to 0.6%, from 0.5%,

Retail sales were up in six out of 11 subsectors, representing 84.4% of retail trade, Statistics Canada said in a statement.

The increase was led by higher sales at gasoline stations with a gain of 6.8%, followed by food and beverage stores with 2.2%.

Core retail sales, which exclude gasoline stations and motor vehicle and parts dealers, increased 0.9%.

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