By  on March 27, 2008

NEW YORK — Canada’s economy got a bigger boost from consumer spending than expected in January in stark contrast to the U.S. where both consumer confidence and spending are heading south.

Retail sales in Canada rose 1.5 percent month over month in January to roughly $35.8 billion, compared to a predicted 1.4 percent increase. It was the third consecutive month of strong gains in retail sales. Clothing and accessories sales recorded an impressive 2.9 per cent jump, second only to the 3.2-per-cent gain by building and outdoor home supplies.

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