UPDATE 1-Car sales boost Canada retail trade in February

* Retail sales grow for third consecutive month

* Sales at motor vehicle and parts dealers up 2.9 percent

* Figures reflect new methods of sampling data
(Adds details)

OTTAWA, April 23 (BestGrowthStock) – Canadian retail sales
increased for the third consecutive month in February, rising
0.5 percent from January on higher sales of cars and parts,
Statistics Canada said on Friday.

The central statistics agency said the February numbers
reflected revisions it has made to the sample of retailers it
surveys, resulting in changes to all of its data back to 2004,
using January 2010 as the base month.

The figures are therefore not comparable to those released
in previous months. Statscan initially said retail trade grew
0.7 percent in January but with the new data set, that growth
is now put at 0.9 percent.

Overall, sales volumes rose 0.6 percent in February, while
sales were up in seven of 11 retail sub-sectors.

The largest contributor to the increase in February from
January was a 2.9 percent gain at motor vehicles and parts
dealers. where sales rose for the first time since October. New
car dealers saw a 3.8 percent rise in sales following three
months of declines.

Retail sales excluding motor vehicles and parts dealers
fell by 0.1 percent. January’s initial rise of 1.8 percent for
this sector was revised to a jump of 2.0 percent using the new
sampling method.
Investment Research

(Reporting by David Ljunggren; Editing by Theodore d’Afflisio)

UPDATE 1-Car sales boost Canada retail trade in February