Canadian retail sales sink, price inflation remains muted

(Feb. 22, 2013) -- Retail sales in Dec. 2012 sank 2.1 percent following gains of 0.3 percent and 0.6 percent in November and October, respectively. Canada's headline consumer price index rose by 0.1 percent in Jan. 2013, which was smaller than expectations for a 0.2 percent rise.