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Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month.
Get email updates from your favourite authors. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Sign In or Create an Account or Sales climbed in all nine subsectors, according to new Statistics Canada data on Friday.
Economists had predicted sales would rise by 1.3 per cent. Auto and parts dealers, led the increase, rising 1.2 per cent on higher sales of new cars and parts, accessories and tires. However, those gains were partially offset by lower sales at used car dealers and “other motor vehicle dealers.” Sales at gasoline stations and fuel vendors were up 1.7 per cent in August, the first increase in three months.
In volume terms, sales in this subsector decreased by 0.5 per cent. SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning. By signing up you consent to receive the above newsletter from Postmedia Network Inc.
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We encountered an issue signing you up. Please try again Core retail sales, which exclude autos and parts and gasoline and fuel vendors, increased by 1.1 per cent after declining 0.7 per cent in July. This was led by higher sales in the food and beverages subsector, general merchandise retailers and health and personal care retailers.
In volume terms, retail sales increased by 1.2 per cent in August. Preliminary estimates suggest retail sales rose by 0.7 per cent in September, but Statistics Canada officials said that figure may be revised. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic.
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Source: Financial Post
