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

School District 6 announces new superintendent

Karen Shipka will be taking on superintdent’s job this August

A new face at the Bulletin

Well hello there Kimberley! My name is Paul Rodgers and, as of… Continue reading

City approves distribution of Winter Games Legacy Grants

At the meeting on Monday, Feb. 24, Council was asked for authorization… Continue reading

Kimberley Civic Centre Walking Program – A safe way to return to an active lifestyle

Mark McNab has been attending the walking program almost every Friday since… Continue reading

Otters relocated after devastating fish populations at Kootenay hatchery

The otters were relocated out of the Kootenay watershed last year in an effort to save the fish.

VIDEO: Feds warned agricultural sector near ‘tipping point’ due to blockades

Canadian Federation of Agriculture points to lack of propane and feed due to Coastal GasLink dispute

B.C. terminates contract with hospice society refusing assisted death

Delta Hospice Society loses hospital service fund of $1.5 million

UPDATE: 14 arrested at blocked rail line in northern B.C., police say

But a Gitxsan hereditary chief says 14 were arrested, as fight over natural gas pipeline continues

Hospital parking fees needed, but changes to payment system possible, health minister says

B.C. health minister Adrian Dix says hospital parking doesn’t need to be so stressful

Protecting privacy key to stopping spread of COVID-19, B.C. health officials say

The number of coronavirus cases in B.C. remains at seven

IHOP to host seventh annual National Pancake Day

IHOP will be offering free short-stack pancakes in support of BC Children’s Hospital on Tuesday

Do you talk to your spouse about money? 42% of Canadians don’t, poll suggests

Politics, sex, religion top list of taboo subjects for Canadians

Okanagan animal sanctuary seeks to fit frostbitten baby goat with prosthetic leg

Fundraiser started to help Zuri, newest resident of Twin Hearts Animal Sanctuary

Most Read