Small Rise Seen In August Retail Sales


Retail sales rose 0.4 per cent to $53.2 billion in August – the fourth consecutive monthly increase since the record decline in April, says Statistics Canada. Core retail sales – which exclude gasoline stations and motor vehicle and parts dealers – rose 0.4 per cent on higher sales at building material and garden equipment and supplies dealers and food and beverage stores. Retail sales in volume terms were up 0.4 per cent in August. Sales at building material and garden equipment and supplies dealers rose 4.5 per cent, the third rise in four months. Sales at furniture and home furnishing stores fell 0.4 per cent, the first decline in four months. From May to July, Canadians directed a greater portion of their expenditures on household operations and furnishings and equipment while working from home and spending more time indoors. Sales were up in seven provinces, while three provinces remain below pre-pandemic sales levels.