Canada July retail sales drop 0.7 percent
Canadian retail sales fell by 0.7 percent in July due to declines across most subsectors led by general merchandise stores. Statistics Canada estimates a 1.3 percent rebound for August.
Xurve View
Insights:
Xurve View
Canada retail sales fell 0.7% to C$73.70 billion ($52.25 billion) in July, according to data released on Thursday morning. The decline was slightly milder than average estimates from economists. Consumer spending accounts for approximately 40% of the broader economy.
