Global Markets: Retail sales rise month-to-month

WINNIPEG – The following is a glance at the news moving markets in Canada and globally.

– Retail sales in Canada increased by 4.8 per cent last February compared to January, according to a Statistics Canada report released earlier today. In February, sales totalled C$55.1 billion and were fueled by gains reported by motor vehicle and parts dealers as well as gas stations. Core retail sales, which exclude values from motor vehicle and parts dealers and gas stations, went up 3.8 per cent. Clothing and clothing accessories stores recorded a 23.7 per cent jump in sales in February. Statistics Canada also estimated March’s retail sales to be 2.3 per cent higher than in February.

– India has recorded more than 200,000 deaths from the COVID-19 pandemic, it was announced today, becoming the fourth nation to cross the grim milestone behind the United States, Brazil and Mexico. India also set a pair of single-day records with 362,757 new infections and 3,293 recorded deaths over the past 24 hours. Many countries have sent personal protective equipment, tests, oxygen supplies and raw materials for vaccines to help the nation fight off the virus.

– After the European Union announced that American citizens fully vaccinated against COVID-19 will be able to travel to its member states this summer, Canadian Prime Minister Justin Trudeau told reporters yesterday the government is still looking at the possibility of “vaccine passports”, but is more focused on combatting the third wave of the pandemic. “Certificates of vaccination are a part of international travel to certain regions and are naturally to be expected when it comes to this pandemic and the coronavirus. How we actually roll that out in alignment with partners and allies around the world, it’s something that we’re working on right now,” he said.

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