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Canada August retail sales rise 1.2%
Statistics Canada said gains were broad-based, with motor vehicle and parts dealers leading and core retail sales up 1.1% as September pointed to further growth.
- Statistics Canada reported August retail sales climbed 1.2% to $74.6 billion, driven by stronger new car sales across the nation.
- Broad gains occurred across all nine tracked subsectors, with motor vehicle and parts dealers leading the increase by 1.2% for the month.
- New car dealers specifically saw a 1.5% rise, while core retail sales excluding fuel and vehicle categories grew 1.1% in August.
- Advance estimates for September suggest a 0.7% gain in retail sales, though the agency cautioned the preliminary figure remains subject to revision.
- In volume terms, retail sales climbed 1.2% during August, reflecting steady consumer demand across the national market as economic tracking continues.
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16 Articles
16 Articles
·London, United Kingdom
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Retail sales increased by 1.2% to $74.6 billion in August, mainly due to higher sales of new cars, according to Statistics Canada.
·Montreal, Canada
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Coverage Details
Total News Sources16
Leaning Left6Leaning Right0Center6Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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