Statistics Canada says retail sales rose 0.1 per cent to $59.9 billion in February as gains in sales at clothing and clothing accessories stores and gasoline stations were offset by lower sales at motor vehicle and parts dealers.
The agency says core retail sales — which exclude sales at gasoline stations and motor vehicle and parts dealers — rose 1.4 per cent.
Sales at clothing and clothing accessories stores gained 15.1 per cent for the month, while building material and garden equipment and supplies dealers rose 5.6 per cent. Sales at gasoline stations added 6.2 per cent.
OBJ360 (Sponsored)
Why your next investment should be Canadian art
Ahead of its highly anticipated Give to Get Art Auction on May 29th, the Ottawa Art Gallery (OAG) offers some expert advice on investing in art. Art can inspire, spark
Kingston manufacturers winning on the global stage with innovative products
Darrell Searles says Anchor Concrete wants to revolutionize the homebuilding industry—and the Kingston-based company has been doing exactly that through its innovative precast concrete building solutions. “We want to do
Meanwhile, sales at motor vehicle and parts dealers fell 5.1 per cent, the largest drop for the group since a 6.2 per cent drop in December 2020.
In volume terms, retail sales were down 0.4 per cent in February.
Looking ahead, Statistics Canada says its initial estimate for retail sales in March suggests a gain of 1.4 per cent for the month, but cautioned the figure will be revised.
