OTTAWA - Statistics Canada says retail sales fell 0.6 per cent to $47.8 billion in February due in large part to lower sales at motor vehicle and parts dealers and gasoline stations.
Economists had expected a decline of 0.1 per cent, according to Thomson Reuters.
The move lower in February followed a whopping 2.3 per cent increase in January.
Statistics Canada says sales were down in five of 11 subsectors, representing 67 per cent of total retail sales. In volume terms, retail sales edged down 0.1 per cent.
Sales at motor vehicle and parts dealers fell 1.8 per cent, the first move down in seven months, while sales at gasoline stations fell 3.6 per cent due in large part to lower prices.
Excluding motor vehicle and parts dealers and gasoline stations, retail sales were up 0.5 per cent.
Let's block ads! (Why?)
Bagikan Berita Ini
Related Posts :
Toronto stock market heads, while U.S. markets mixed; loonie lowerTORONTO -- Gains in the materials, financials and industrial sectors helped offset losses in the ene… Read More...
Husky shares rise and MEG stock plunges after oilsands takeover offer withdrawn
Dan Healing, The Canadian Press</span>
Published Thursday, January 17, 2019 8:05AM EST
Last U… Read More...
Burkina Faso killing highlights increasing security threat for mining companies
Ian Bickis, The Canadian Press</span>
Published Thursday, January 17, 2019 5:28PM EST
TORONT… Read More...
Careful, Canada! This counterfeit cash could fool you
CTVNews.ca Staff with a report from CTV Toronto's Pat Foran</span>
Published Wednesday, Janua… Read More...
Husky Energy walks away from its hostile takeover bid for MEG EnergyCALGARY - Husky Energy Inc. is walking away from its hostile takeover offer for MEG Energy Corp. aft… Read More...
0 Response to "StatsCan says retail sales slipped 0.6 per cent in February"
Post a Comment