8/19/2016, 3:03 PM (Source: TeleTrader)
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Retail sales in Canada tick down 0.1% in June

Retail sales in Canada edged down 0.1% in June, as weaker sales at food and beverage stores erased good sales at motor vehicle and parts dealers. After removing the effects of price changes, retail sales in volume terms declined 0.3% in June, reported Statistics Canada on Friday.

Sales fell in 7 out of 11 subsectors, with a drop of 1.5% in food and beverage sales. Demand in beer, wine and liquor stores was 4.7% lower. Supermarkets and other grocery stores saw 0.9% less demand in June. General merchandise decreased by 1.5% in June. Sales at building material and garden equipment and supplies dealers fell 1.9% despite summer and building season. Clothing stores saw a 1.7% decline.

Conversely, motor vehicle and parts dealers saw a rise in sales of 2.0% in June, while demand for used cars dropped 1.8%.

"Sales at gasoline stations (+1.8%) rose for the third consecutive month, largely reflecting higher prices at the pump," said Statistics Canada.

Baha Breaking News (BBN) / ZR