Canada's retail sales decreased 0.3% to $65.7bn in June, mainly due to new car dealer sales decline.
Canada's retail sales dropped 0.3% to $65.7bn in June, mainly due to a decline in new car dealer sales. Motor vehicle and parts dealers' sales fell 2.1%, with new car dealers experiencing a 2.9% decrease and used car dealers a 0.6% decline. However, food and beverage retailers experienced a 1.2% increase. The advance estimate for retail sales in July shows an increase of 0.6%, but the figure is subject to revision.
August 23, 2024
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