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- Canadian retail sales rise in line with expectations in September
Canadian retail sales rise in line with expectations in September
Following four months of little change, retail sales rose 0.6% to $44.4 billion in September on the strength of higher sales at motor vehicle and parts dealers.
Sales were up in 7 of 11 subsectors, representing 65% of retail trade.
After removing the effects of price changes, retail sales increased 0.6%.
The largest increase in dollar terms was a 2.4% advance at motor vehicle and parts dealers. This was the first gain in three months and was mainly attributable to new car dealers (+2.8%).
Sales at gasoline stations rose 0.9%, marking the fifth gain in six months for the subsector. The gain in September reflected higher prices at the pump.
Following a 0.4% decrease in August, sales at general merchandise stores (+0.4%) bounced back in September.
The gains at building material and garden equipment and supplies dealers (+0.7%) and sporting goods, hobby, book and music stores (+0.2%) more than offset the declines in August.
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