Statistics Canada released retail sales data on Tuesday. Canadian retail sales increased by 0.8% in September, exceeding expectations for a 0.6% rise, after a 0.2% decline in August. August's figure was revised up from a 0.3% drop.

The increase was driven by cars, furniture and appliances. Motor vehicle and parts sales climbed 3.4% in September, furniture and home furnishing sales increased 1.3%, while electronics and appliance sales rose 1.2%.

Canadian retail sales excluding automobiles were flat in September, missing forecasts of a 0.4% gain, after 0.2% drop in August. August's figure was revised up from a 0.3% decrease.