December 21, 2018 / 1:38 PM / a year ago

UPDATE 1-Canadian retail sales in Oct advance by 0.3 pct on autos, gas

(Adds details of release, background)

OTTAWA, Dec 21 (Reuters) - The value of Canadian retail trade rose by 0.3 percent in October from September, thanks largely to higher sales at motor vehicle dealers and gasoline stations, Statistics Canada said on Friday.

Analysts in a Reuters poll had forecast a 0.4 percent gain. Stripping out the effect of price changes, volumes were unchanged in October.

Sales rose in five of 11 subsectors, representing 69 percent of total retail trade.

Motor vehicles and parts dealers reported a 1.3 percent increase in sales, the third consecutive month of growth. Gas stations recorded a 1.9 percent gain in receipts after two months of declines.

Canada’s new cannabis retail trade also made a small contribution to overall growth. Pot sales totaled C$43 million ($31.9 million) during the two weeks following legalization in mid-October, or 0.08 percent of the overall total for October.

The overall value of retail sales grew by just 0.6 percent from October 2017, the smallest year-on-year increase since January 2015. Statscan said this was in part due to unusually high autos sales in October 2017.

($1=$1.35 Canadian)

Reporting by David Ljunggren Editing by Frances Kerry

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below