📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

UPDATE 1-Canada April retail sales up by 0.9 pct, hit record high

Published 2016-06-22, 08:35 a/m
UPDATE 1-Canada April retail sales up by 0.9 pct, hit record high

(Adds details of release, background)
OTTAWA, June 22 (Reuters) - Canadian retail sales in April
rose by 0.9 percent from March to hit a record C$44.28 billion
($34.59 billion), thanks largely to higher sales at gasoline
stations, Statistics Canada said on Wednesday.
The increase - the third in four months - matched the
forecast by analysts in a Reuters poll, while in volume terms,
April sales were flat. The previous record was the C$44.22
billion seen in February.
Overall, sales rose in seven of 11 subsectors, representing
64 percent of total retail sales. Gas stations posted a 6.0
percent increase in sales from March, the first advance since
June 2015, on higher prices.
Sales at car and parts dealers - the largest of the
subsectors - slipped by 0.3 percent, falling for the second
consecutive month. Excluding autos, overall sales climbed by 1.3
percent.
Purchases at furniture stores increased by 6.1 percent after
a 4.0 percent drop in March. Sales in food and beverage stores,
the second biggest subsector, inched up by 0.1 percent.
($1=$1.28 Canadian)

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Graphic - Canada economic dashboard http://graphics.thomsonreuters.com/15/sc-canada/index.html

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.