Retail sales in Canada fell in August at the fastest month-over-month rate for purchases at food and beverage stores (see chart below) in almost three years. Canada’s economy has been going strong for some time. Is the retail sales dip a simple hiccup, or a sign that things have changed in the Great White North? Paul Vieira writes:
According to the August retail report, eight of the 11 sectors tracked posted decreases from the previous month.
The biggest weight on the retail figures was a 2.5% drop in sales at food and beverage stores, to C$9.98 billion. Sales were also down at outlets associated with building materials and garden supplies. Those sales fell 1.9% to C$3.03 billion.
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