Statistics Canada reports February retail sales down 0.1% to $66.7 billion

OTTAWA — Canadian retail sales edged lower in February, weighed down by lower sales at gasoline stations and fuel vendors.

TD Bank economist Maria Solovieva said the reading for overall sales in February was weaker than Statistics Canada's advance estimate for a 0.1 per cent gain. Olivia Cross, North America economist at Capital Economics, said the surprise fall in retail sales in February and the apparent stagnation in March makes for a disappointing first quarter.

The Bank of Canada kept its key interest rate target on hold at five per cent earlier this month, but governor Tiff Macklem said it was"within the realm of possibilities" that the central bank could cut rates at its next announcement in June.February, while health and personal care retailers gained 0.4 per cent.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Statistics Canada reports February retail sales down 0.1% to $66.7 billionOTTAWA — Canadian retail sales edged lower in February, weighed down by lower sales at gasoline stations and fuel vendors. Statistics Canada said Wednesday...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Statistics Canada reports manufacturing sales up 0.7% in February at $71.6BOTTAWA — Manufacturing sales rose 0.7 per cent to $71.6 billion in February, helped by higher sales of petroleum and coal, Statistics Canada said Monday.
Source: timescolonist - 🏆 15. / 75 Read more »

Statistics Canada reports manufacturing sales up 0.7% in February at $71.6BStatistics Canada says manufacturing sales rose 0.7 per cent to $71.6 billion in February, helped by higher sales of petroleum and coal.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Statistics Canada reports manufacturing sales up 0.7% in February at $71.6BOTTAWA — Statistics Canada says manufacturing sales rose 0.7 per cent to $71.6 billion in February, helped by higher sales of petroleum and coal.
Source: SooToday - 🏆 8. / 85 Read more »

Statistics Canada reports manufacturing sales up 0.7% in February at $71.6BOTTAWA — Statistics Canada says manufacturing sales rose 0.7 per cent to $71.6 billion in February, helped by higher sales of petroleum and coal. The agency ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Statistics Canada says trade surplus up in February as gold exports hit record highExports of metal and non-metallic mineral products surged 31.1 per cent in the month to a record $9.4 billion powered by increased high-value shipments of refined gold as well as transfers of gold assets in the banking sector
Source: globebusiness - 🏆 31. / 66 Read more »