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Retail sales spike, though below Nov. peak

Canadian retail sales in February rose by 0.5% from January, but still have not fully regained December's weather-induced losses, according to Statistics Canada data on Wednesday.

The value of sales was $41.03 billion, still a shade lower than November's $41.05 billion. The volume of sales rose 0.1% in February from January but remained a full 0.8% below November's peak.

Gains were reported in February in seven of 11 sectors, representing 56% of retail trade, led by health and personal care stores and general merchandise stores.