Statistics Canada says retail sale fell 0.1 per cent in August to $51.5 billion as sales at food and beverage stores dropped. A few shoppers browse the sprawling New Horizon Mall in Calgary on Tuesday, March 19, 2019. THE CANADIAN PRESS/Dave Chidley

Statistics Canada reports retail sales edged down 0.1 per cent in August

Sales at gasoline stations fell 0.4 per cent as a result of lower prices at the pump

Statistics Canada says the value of retail sales fell 0.1 per cent in August to $51.5 billion, with price reductions accounting for most of the the unexpected decline.

Economists on average had expected an increase of 0.4 per cent for August, according to the financial markets data firm Refinitiv.

CIBC economist Royce Mendes says the weakness affected nearly half of the subsectors tracked by Statistics Canada and noted that total volumes were up, indicating the pullback was due to lower prices.

Statistics Canada says sales at food and beverage stores fell 0.8 per cent in August, the first move down from the sector in three months.

Meanwhile, sales at gasoline stations fell 0.4 per cent as a result of lower prices at the pump, while gasoline sales rose 2.8 per cent in volume terms.

Sales at general merchandise stores gained 0.8 per cent and motor vehicle and parts dealers rose 0.1 per cent.

In volume terms, retail sales increased 0.2 per cent in August.

ALSO READ: Teen bookworms could be setting themselves up for richer future, study suggests

The Canadian Press


Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Handgun pointing complaint draws strong RCMP presence at Chilliwack residence Wednesday night

One in custody after brief standoff involving Emergency Response Team and canine unit

Iconic Chilliwack store passes clothing racks on to downtown neighbours

Chilliwack Mission Thriftstore given racks and fixtures as downtown store closes for good

Exercise and cancer to be explored via webinar

UFV’s Dr. Iris Lesser to lead Zoom event for cancer patients and supporters

Overnight closures for Vedder dike gates this summer rather than full closure

Working with anti-dumping and angling advocates, City of Chilliwack came up with compromise

Fiscal statement from the feds lacked clear plan for economic recovery: MP Strahl

While Conservatives backed emergency supports, it’s now time for ‘transparent plan to guide recovery’

B.C. identifies 20 new COVID-19 cases, travellers specified in count

Pandemic total 3,028 cases, 51 people from outside Canada

Canadian policing organization calls for decriminalization of simple illicit drug possession

Canadian Association of Chiefs of Police want policing focus of opioid crisis to be replaced with a health one

Filing deadline in RCMP sexual-harassment class-action extended due to COVID-19

Plaintiffs now have until January 2021 to submit claims for up to $222,000

Jamie Bacon pleads guilty to charge in Surrey Six case

The plea brings an end to a complex legal case that has spanned more than a decade

Hefty undeclared driver charges piling up, ICBC warns customers

Average extra penalty $2,971 after an at-fault accident

Survey, hotline launched amid probe into racist blood-alcohol guessing game at B.C. hospital

Mary Ellen Turpel-Lafond has been appointed to lead an investigation by Health Minister Adrian Dix

B.C. appeals judge’s decision to leave three clubhouses in Hells Angels hands

The province has filed two notices of appeal related to the B.C. Supreme Court decision

Conservation officers relocate Spirit bear known to roam northwestern B.C.

Bear roamed valley north of Terrace for many years

B.C. premier applauds call to decriminalize drug possession

Police shouldn’t struggle with health issues, Horgan says

Most Read