OTTAWA — Retail sales rose 0.7 per cent to $72.1 billion in February as sales at new and used car dealers climbed, Statistics Canada said Friday.
TD Bank economist Maria Solovieva said consumers delivered another solid month in February, with early indications pointing to continued strength in March.
Looking ahead, Statistics Canada said its advance estimate of overall retail sales for March pointed to a gain of 0.6 per cent, though it cautioned the figure would be revised.
“That said, inflation jumped in March, suggesting some of the momentum is being driven by higher prices rather than broad-based demand growth,” Solovieva wrote in a report.
“Higher energy
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