Steve Flynn  RE/MAX Central 

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Canadian Retail Sales - November 23, 2017

Canadian retail sales edged up 0.1 per cent on a monthly basis in September and were 6.2 per cent higher year-over-year. However, excluding the impact of higher sales of gasoline, retail trade actually declined 0.2 per cent in September and were down 0.6 per cent in inflation-adjusted terms. Given today's data release, we are tracking Q3 Canadian economic growth at 1.7 per cent, a significant deceleration from over 4 per cent growth in the second quarter.

In BC, retail sales were up once again, rising 0.4 per cent on a monthly basis and 9.8 per cent compared to September last year. Year-to-date, retail sales in the province have grown more than 9 per cent, reflecting strong job and economic growth in the province.  



 

Copyright British Columbia Real Estate Association. Reprinted with permission.

 


 


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