Retail sales in Canada fell deeper than expected

114073

Retail sales in Canada fell by 0.9% in November after a slight increase in the previous month. Except for auto sales, retail sales declined by 0.6% in November, after declining by 0.2% in October. The fall in sales was noted in 75% of sectors of the economy. Sales at car refueling stations fell by 5% in November, for the third time in four months. Car dealers and parts dealers faced a 10.8% drop in sales. A 0.9% decrease in food sales was due to a drop in supermarket sales. General stores reported a 1.7% increase in sales. In general, the decline in sales was noted in eight provinces of the country. In Ontario, sales fell by 1.6%, in Quebec and Toronto - by 1.5%. In contrast, sales in Alberta rose 1.9%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: