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Canada: Retail sales increased 0.3% to $51.0 billion in October

"Retail sales increased 0.3% to $51.0 billion in October," Statistics Canada announced on Friday.

Key takeaways from the press release

  • Higher sales at motor vehicle and parts dealers and gasoline stations were the main contributors to the gain.
    • Excluding these two subsectors, retail sales declined 0.4%.
  • Sales were up in 5 of 11 subsectors, representing 69% of retail trade.
  • After removing the effects of price changes, retail sales in volume terms were unchanged in October.

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