• Canadian retail sales rose 0.4% to $49.1 billion in July

Market news

22 September 2017

Canadian retail sales rose 0.4% to $49.1 billion in July

Higher sales at motor vehicle and parts dealers and food and beverage stores were the main contributors to the gain. Sales were up in 6 of 11 subsectors, representing 75% of total retail trade. After removing the effects of price changes, retail sales in volume terms decreased 0.2%.

Sales at motor vehicle and parts dealers were up 0.8% in July. Higher sales at new car dealers (+1.4%) accounted for the increase at the subsector level, more than offsetting declines at the other store types. Following gains in June, sales declined at used car dealers (-2.4%), other motor vehicle dealers (-2.7%) and automotive parts, accessories and tire stores (-0.2%). Receipts at food and beverage stores were up 0.9%, rising for the fourth consecutive month. Higher sales were reported at all store types within the subsector. Sales at supermarkets and other grocery stores (+0.7%) and beer, wine and liquor stores (+1.8%) were the main contributors to the increase. Health and personal care stores (+0.7%) reported higher sales for the sixth time in seven months.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.