Investing.com - Financial Markets Worldwide
🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

UPDATE 1-Canada retail sales rose more than expected in June

Published 2015-08-21, 08:44 a/m
UPDATE 1-Canada retail sales rose more than expected in June

(Adds details from report)
OTTAWA, Aug 21 (Reuters) - Canadian retail sales rose more
than expected in June, on higher gasoline prices and increased
sales of electronics and appliances, data from Statistics Canada
showed on Friday.
The gain, 0.6 percent, topped economists' forecasts for a
0.2 percent improvement, but after removing the effects of price
changes, volumes were flat. May was revised down slightly to 0.9
percent from 1.0 percent.
Sales at gasoline stations rose 2.6 percent, the fifth
consecutive month of gains as prices at the pump climbed. Sales
at electronics and appliance stores rose 9.4 percent as
consumers bought more phones and home office electronics. The
increase coincided with new rules limiting the duration of
cellphone contracts, the agency said.
After four straight months of gains, sales at new-car
dealers declined by 0.5 percent, dragging the overall motor
vehicle and parts sector down 0.1 percent.
Canada may have been in recession in the first half of the
year as the oil-exporting country has been hit by the drop in
crude prices, and economists will parse the report for signs an
expected rebound is taking hold.

Latest comments

Install Our App
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.