Canada: Retail sales increased for third consecutive month, rising 0.6% to $48.9 billion in May

"Retail sales increased for the third consecutive month, rising 0.6% to $48.9 billion in May. Sales were up in 5 of 11 subsectors, representing 56% of total retail trade," the Statistics Canada announced on Friday.

Key quotes:

Higher sales at motor vehicle and parts dealers were the main contributor to the gain.
Excluding sales in this subsector, retail sales were down 0.1% in May.
After removing the effects of price changes, retail sales in volume terms rose 1.1%.

Jul 21, 2017

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Canada: CPI rose 1.0% on a year-over-year basis in June, following a 1.3% gain in May

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