Economy, Americas

Canada's retail sales fall 0.3% to $65.7B in June

Core retail sales, excluding gasoline stations, motor vehicle, parts dealers, rise 0.4% in June

Ovunc Kutlu  | 23.08.2024 - Update : 23.08.2024
Canada's retail sales fall 0.3% to $65.7B in June

ISTANBUL

Canada's retail sales declined 0.3% to $65.7 billion in June, the country's statistical authority said Friday.

The figure came in line with market expectations, while retail sales decreased 0.8% in May.

In June, sales were down in four of nine subsectors, led by motor vehicle and parts dealers that fell 2.1%, Statistics Canada said in a statement.

Core retail sales, which exclude gasoline stations and motor vehicle and parts dealers, rose 0.4% in June.

The market estimate for the figure was to show a decrease of 0.2%.

The core retail sales figure for May was revised to a fall of 1.3% from a decline of 1.4%.

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