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.
B.C. retail sales are up: $5.9 billion spent in SeptemberMonday, November 23, 2015 > 10:28:50
(Van City Buzz)
British Columbia saw retail spending increase by 6% between September 2014 and 2015, bumping the monthly total to over $5.9 billion.
The province saw the largest increases among all provinces, and the third largest in Canada behind Nunavut (8.5%) and the Northwest Territories (9.4%), but the total amount of spending remained lower than Alberta, Ontario, and Quebec, according to data released by Statistics Canada.
Alberta managed to pull in $6.3 billion in retail sales, even with the province’s declining economy and stunted growth, but the figure was 5.6% less than it was the year before. To no surprise, Ontario had the largest value at $15.5 billion, a far leap ahead of Quebec at just over $9 billion.
Across Canada, retail sales fell by 0.5% for a total of $43.3 billion, mostly due to declining sales at the pump due to the lowering price of gasoline.
Gas stations witnessed a drop in sales by over 14%, the largest decrease of any sector. Electronics and appliance stores also took a slight hit with sales sliding 1.5%.
But despite drops across the country, the ongoing trendline in retail sales continues along an upward trajectory, up substantially from values recorded back in 2010.