June retail sales essentially unchanged: StatsCan

Statistics Canada says retail sales were essentially unchanged in June as lower sales at motor vehicle and parts dealers and gas stations offset gains in most of the other subsectors.

Economists on average had expected a decline of 0.1%, according to the financial markets data firm Refinitiv.

Sales were down in four of 11 subsectors tracked by Statistics Canada.

Motor vehicle and parts dealers fell 2.5% in June as sales at new car dealers down 3.2%. Gasoline station sales fell 3.4% as the price of gasoline moved lower.

Excluding sales in these two subsectors, monthly retail sales gained 1.7%.

Retail sales in volume terms increased 0.4%.

The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.