Market news
21.09.2018, 12:34

Canadian retail sales rose 0.3% to $50.9 billion in July on higher sales at food and beverage stores and gasoline stations

Excluding the lower sales at motor vehicle and parts dealers, retail sales increased 0.9%.

Sales were up in 8 of 11 subsectors, representing 54.8% of total retail sales.

After removing the effects of price changes, retail sales in volume terms decreased 0.1%.

Sales at food and beverage stores rose 1.3% in July. The gain was led by higher receipts at supermarkets and other grocery stores (+1.2%). Sales at beer, wine and liquor stores (+1.5%) and convenience stores (+3.3%) increased for the fifth consecutive month.

Sales at gasoline stations rose 1.9%, largely stemming from higher prices at the pump as sales in volume terms were relatively unchanged in July.

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