Canadian retail sales fell in July

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The U.S. experienced a retail job decline in August

The Canadian retail sector experienced a drop in sales during July after seven months of gains. Sales dropped by 0.1 per cent to $42.5 billion, according to Statistics Canada.

General merchandise sales fell by 2.7 per cent to $5.3 billion as clothing and accessories stores experienced a 2.3 per cent drop to $2.3 billion. Purchases across all industries excluding motor vehicles dropped by 0.6 per cent. Meanwhile, economists had predicted that there would be little to no change.

 

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