FXstreet.com (Barcelona) - Retail sales have posted a larger than expected decline in Canada in December weighed down by poor sales of cars and in gasoline stations, according to data released by the Canadian Statistics Office.

In November, retail trade volume has dropped 2.4% from October, the largest monthly decline since 1998; excluding new car dealers and automotive parts, sales of all other products have declined 2.3%.

The main drivers of November's decline have been sales in gasoline stations, 14.9% down, together with the 7.1% decline in sales in the automotive sector.