Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.
Canadian retail sales rise in March led by cars and foodMonday, May 25, 2015 > 11:17:40
(Globe & Mail)
Canadian retail sales rose 0.7 per cent in March, climbing for the second month in a row as consumers spent more on cars, food and alcohol, data from Statistics Canada showed on Friday.
The figures topped economists’ expectations for a modest gain of 0.3 per cent. February’s figures were revised down slightly to 1.5 per cent from the initially reported 1.7 per cent.
A 1.5 per cent increase at motor vehicle and parts dealers helped lead the gain on higher sales of both new and used cars.
Increased spending was seen at all stores within the food and beverage category, including stronger sales at grocery stores, and beer, wine and liquor stores.
Sales at gasoline stations declined 0.5 per cent. It was the eighth such decrease in nine months.
Overall, sales rose in seven of the 11 subsectors, accounting for 71 per cent of retail trade. In volume terms, retail sales increased 0.1 per cent.