Canada: Retail sales fall 0.1% in August

Ani Salama FXStreet

Canadian retail sales fell 0.1% to a seasonally adjusted CAD 44.0 billion in August, Statistics Canada said Friday. Expectations were for retail sales to rise 0.3%.

This represents the third decline in a row, mainly driven by lower sales at motor vehicle and parts dealers.

After removing the effects of price changes, retail sales in volume terms decreased 0.3%.

Excluding autos, sales were flat in August, still below the 0.3% increase expected .

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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