Canada March retail sales down 1.4% on autos, seen up 0.2% in April
By
Reuters
Reuters
Canadian retail sales fell by 1.4% in March from February at C$65.29 billion ($48.83 billion), on lower sales at motor vehicles and parts dealers, as well as gasoline stations, Statistics Canada said on Friday.
Sales were seen to rise by 0.2% in April, the agency said in a flash estimate. Sales were down in five of nine subsectors, representing 55.5% of retail trade. In volume terms, retail sales decreased 1.0%.