Data released by Statistics Canada just moments ago showed retail sales rose 1.0% in July to $70.4 billion, following a revised 0.7% decline in July, matching expectations, driven by increases in motor vehicle and parts sales.
Core retail sales, excluding gas stations and motor vehicle and parts retailers, rose 1.1% in August after a 1.2% decline in July.
The August sales increase was supported by a 1.8% increase in motor vehicle and parts retailers, marking the third consecutive monthly increase. Gas station sales declined 2% for the second consecutive month, while sales at clothing, accessories, footwear, and jewelry stores rose 3.2%.