Retail Sales Across Canada Record 0.3% Decline in November

Retail Sales Across Canada Record 0.3% Decline in November

For the first time in four long months, retail sales across Canada declined in November, mainly on the back of fewer car sales and as an unusually mild winter, which led to lower sale of winter clothing items.

As compared to October, sales in November declined by 0.3% to C$35.2 Billion ($33.4 Billion), as has been confirmed by official figures shared by Statistics Canada. Expectations were that sales would fall by 0.2%.

A fall of 3.6% was recorded by sales at accessories and clothing stores, which has been the highest decline recorded since September 2002. Sales at general merchandise stores, on the other hand, slipped by 2.8%.

"A contributing factor was lower winter clothing sales as a result of unseasonably warm weather throughout most of Canada", Statistics Canada said.

New car sales decline by 2.2% in November, which has come after 7 consecutive months of hikes.

Latest News

Coordinated Universal Time
Viacom, Google
giant Google
Nintendo
FCC
Google
Cruise Companies to Balk US-Canada Pollution Plan
California Governor's Race To Make Records in Terms of Money
Serving Whale Meat Shuts Down Santa Monica Sushi Restaurant
Captiva sports utility vehicle Recall
John Lipsky Says Advanced economies face High Debt Challenges
Kirstie Alley’s ‘Big’ New Show for Her Weight-Loss Plan