Plus   Neg

Canadian Retail Sales Down In February

Canadian retail sales unexpectedly declined in February as new car dealerships were quiet, official data showed Tuesday.

Retail sales edged down 0.2 percent to C$38.9 billion in February, nearly wiping up the gain in January, according to figures from Statistics Canada. Economists expected retail sales to creep up 0.1 percent.

Stripping out auto sales, retail sales were up 0.5 percent.

After a strong January, sales at motor vehicle and parts dealers fell 2.4 percent. Grocery stores sales registered a second consecutive monthly decline, edging down 0.2 percent.

On the other hand, sales at gasoline stations rose 1.7 percent in February, reflecting higher prices at the pump.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT