Data from the Canadian Statistics Office released a short while ago revealed positive performance of retail sales during last September, as the retail sales index recorded a growth of 0.7% during September, which is better than market expectations that indicated a growth of only 0.2%. The previous reading of the index recorded a contraction of 2.5% during last August.

At the same time, the core retail sales index recorded a growth of 0.7% during the same period, while market expectations indicated a growth of only 0.3%. The previous reading of the index had recorded a contraction of 3.1% during last August.

It is worth noting that this index measures the change in the total value of inflation-adjusted sales at the retail level, and this index is a measure of the value of goods sold by retailers based on a sample of retail stores of various types and sizes, and the data includes all sales made through the internet.