• Canadian retail sales rise in line with expectations in September

Market news

22 November 2016

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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