U.S. retail sales jump, Canadian net worth rises

(Oct. 15, 2012) -- Retail sales in the United States rose a stronger than expected 1.1 percent in September 2012 following upwardly revised 1.2 percent (was 0.9 percent) and 0.7 percent (was 0.6 percent) gains in August and July. Total Canadian net worth was revised upward to $6.88 trillion in the first quarter of 2012 from $6.46 trillion previously, and the market value of Canadian household net worth rose by 0.9 percent ($61 billion) in the second quarter of 2012 to $6.94 trillion.