- Analytics
- News and Tools
- Market News
- Canadian retail sales declined 0.6% to $47.8 billion in February
Canadian retail sales declined 0.6% to $47.8 billion in February
Retail sales declined 0.6% to $47.8 billion in February, following a 2.3% increase in January. Sales were down in 5 of 11 subsectors, representing 67% of total retail sales.
Lower sales at motor vehicle and parts dealers and gasoline stations were the main contributors to the decline. Excluding these two subsectors, retail sales were up 0.5%.
After removing the effects of price changes, retail sales in volume terms edged down
Sales at motor vehicle and parts dealers (-1.8%) were down for the first time in seven months, largely reflecting weaker sales at new car (-1.7%) and other motor vehicle (-5.5%) dealers. Following gains in January, sales were 1.3% lower at used car dealers.
Gasoline stations (-3.6%) posted their first sales decline in three months, largely reflecting lower prices at the pump.
Following an increase in January, receipts at food and beverage stores decreased 0.4% in February. Lower sales at beer, wine and liquor stores (-1.7%) was the main contributor to the decline. Sales at specialty food stores (-0.6%) also declined, while supermarkets and other grocery stores sales were relatively unchanged from January0.1%.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
