OTTAWA — Canadian retail sales rose 0.4 per cent to $66.9 billion in September from a month earlier, boosted by gains at supermarkets and other grocery stores, Statistics Canada said Friday.
The agency also said that its advance estimate for retail sales in October suggests sales increased 0.7 per cent for that month, though it cautioned the figure would be revised.
The Bank of Canada has cut its policy interest rate four times this year so far to bring it down to 3.75 per cent. The cuts have come as the annual pace of inflation has eased 2.0 per cent in October. The move higher for the subsector came as supermarkets and other grocery retailers, except convenience retailers, rose 3.3 per cent and sales at beer, wine and liquor retailers added 4.4 per cent.
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