OTTAWA — Canadian retail sales rose 0.7 per cent to $66.8 billion in April, helped by higher sales at gasoline stations as well as food and beverage retailers.
The agency said Friday sales were up in seven of the nine subsectors it tracks as sales at gasoline stations and fuel vendors gained 4.5 per cent.
"The overall trend in spending points to softness, with the three-month average growth rate barely moving into positive territory in April, then reverting back in May," TD Bank economist Maria Solovieva wrote in report. The motor vehicle and parts dealers group posted the largest drop in April as it fell 2.2 per cent with sales at new car dealers down 2.9 per cent.
Sales at food and beverage retailers gained 1.9 per cent, while clothing and clothing accessories retailers gained 2.1 per cent. The sporting goods and miscellaneous subsector gained 3.4 per cent.The retail sales data follows a decision by the Bank of Canada earlier this month to cut its key interest target by a quarter of a percentage point to 4.75 per cent.
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Statistics Canada says retail sales rose 0.7 per cent in April to $66.8 billionOTTAWA — Canadian retail sales rose 0.7 per cent to $66.8 billion in April, helped by higher sales at gasoline stations as well as food and beverage retailers.
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Statistics Canada says retail sales rose 0.7 per cent in April to $66.8 billionOTTAWA — Canadian retail sales rose 0.7 per cent to $66.8 billion in April, helped by higher sales at gasoline stations as well as food and beverage retailers.
Read more »
Statistics Canada says retail sales rose 0.7 per cent in April to $66.8 billionOTTAWA — Canadian retail sales rose 0.7 per cent to $66.8 billion in April, helped by higher sales at gasoline stations as well as food and beverage retailers.
Read more »
Statistics Canada says retail sales rose 0.7 per cent in April to $66.8 billionOTTAWA — Canadian retail sales rose 0.7 per cent to $66.8 billion in April, helped by higher sales at gasoline stations as well as food and beverage retailers.
Read more »
Statistics Canada says retail sales rose 0.7 per cent in April to $66.8 billionOTTAWA — Canadian retail sales rose 0.7 per cent to $66.8 billion in April, helped by higher sales at gasoline stations as well as food and beverage retailers.
Read more »
Statistics Canada says retail sales rose 0.7 per cent in April to $66.8 billionOTTAWA — Canadian retail sales rose 0.7 per cent to $66.8 billion in April, helped by higher sales at gasoline stations as well as food and beverage retailers.
Read more »