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Canada retail sales fell in July amid rate increases

Summary by Ground News
Canadian retail sales fell more than expected in July, though they likely rebounded slightly in August, Statistics Canada data showed on Friday, indicating interest rate increases by the Bank of Canada are slowing consumer spending.
Canada retail sales fell in July amid rate increases
5 days ago·Ottawa, Canada

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ReutersReuters

Canada retail sales fell in July amid rate increases

By Julie Gordon OTTAWA - Canadian retail sales fell more than expected in July, though they likely rebounded slightly in August, Statistics Canada data showed on Friday, indicating interest rate increases by the Bank of Canada are slowing consumer spending. Retail sales fell 2.5% in July, the first decline in seven months and missing analyst forecasts of a 2.0% slump, Statistics Canada

5 days ago·United Kingdom
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CTV NewsCTV News

Statistics Canada says retail sales fell 2.5 per cent to $61.3 billion in July

Retail sales fell 2.5 per cent to $61.3 billion in July, the first drop in seven months as sales at gasoline stations and clothing and clothing accessories stores decreased, Statistics Canada said Friday.

5 days ago·Toronto, Canada
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Global NewsGlobal News

Canadian retail sales fell 2.5% to $61.3B in July: StatCan - National

Statistics Canada says the July sales were down in nine of the 11 subsectors it tracks, representing 94.5 per cent of retail trade.

5 days ago·Toronto, Canada
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The Toronto StarThe Toronto Star

Statistics Canada says retail sales fell 2.5% to $61.3 billion in July

It's the first drop in seven months as sales at gasoline stations and clothing and clothing accessories stores decreased.

5 days ago·Toronto, Canada
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Financial PostFinancial Post

'Glimmer of hope': Canadian retail sales rebound in August after steep drop in July

Receipts for retailers increase 0.4 per cent based on an advanced estimate but are still well below the June peak. Read more here

5 days ago·Canada
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Toronto SunToronto Sun

Retail sales fell 2.5% to $61.3 billion in July: Statistics Canada

Statistics Canada says retail sales fell 2.5 per cent to $61.3 billion in July, the first drop in seven months.

5 days ago·Toronto, Canada
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