- Analytics
- News and Tools
- Market News
- Canadian retail sales declined 0.3% in August to $48.9 billion
Canadian retail sales declined 0.3% in August to $48.9 billion
After increasing 0.4% in July, retail sales declined 0.3% in August to $48.9 billion. Sales were down in 8 of 11 subsectors, representing 57% of retail trade.
Lower sales at food and beverage stores more than offset higher sales at gasoline stations and motor vehicle and parts dealers. Excluding the latter two subsectors, retail sales were down 1.3%.
In volume terms, retail sales decreased 0.7%.
Following four consecutive monthly increases, sales at food and beverage stores (-2.5%) declined in August. The decrease was largely attributable to lower sales at supermarkets and other grocery stores (-2.8%). Sales at specialty food stores (+1.4%) were up for the third month in a row.
Sales were down at store types traditionally associated with housing purchases and home renovation in August. Sales at building material and garden equipment and supplies dealers (-1.9%) and furniture and home furnishings stores (-2.4%) declined for the second consecutive month.
© 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
