Statistics Canada says retail sales fell 0.1 per cent in September

Statistics Canada says retail sales fell 0.1 per cent in September

OTTAWA — Retail sales fell 0.1 per cent in September to $51.6 billion, weighed down by lower sales at motor vehicle and parts dealers and gasoline stations, Statistics Canada said Friday.

The result matched the expectations of economists, according to financial markets data firm Refinitiv.

“All told, the Canadian consumer continues to look a bit tired, and the broader economy remains on pace for slightly below potential growth in the near term,” said Robert Kavcic, a senior economist at the Bank of Montreal.

The overall decline came as sales in the motor vehicle and parts dealers subsector fell one per cent due to a 1.9 per cent drop at new car dealers. Sales at gasoline stations fell 2.3 per cent, due in part to lower prices.

Statistics Canada says excluding these two subsectors, retail sales rose 0.7 per cent.

“The ongoing strength in Canadian labour markets, the recent momentum in housing markets and wages, and the downshift in borrowing rates may have provided a modest lift to consumer spending,” TD Bank economist Omar Abdelrahman wrote in a report.

“Still, elevated household debt levels and associated debt-servicing costs will continue to cap any meaningful acceleration in retail sales or consumer spending.

Sales at food and beverage stores rose 1.2 per cent, boosted by a 1.1 per cent increase at supermarkets and other grocery stores and a 3.2 per cent increase at beer, wine and liquor stores. Building material and garden equipment and supplies dealers saw sales rise 3.3 per cent.

Overall retail sales in volume terms fell 0.1 per cent.

The retail sales figures come ahead of wholesale trade results for September to be released on Monday and a reading of gross domestic product for both September and the third quarter as a whole out on Nov. 29.

The Canadian economy set a blistering pace in the second quarter, but economists expect growth slowed in the third quarter amid evidence of a slowing global economy, hurt by the U.S.-China trade war.

Just Posted

Shiree Appleman
Innisfail RCMP looking for missing woman

Innisfail RCMP is asking the public to help locate a woman who… Continue reading

Rotary Club of Red Deer logo.
Red Deer Rotary Club hosting tree planting event later this month

The Rotary Club of Red Deer will host a tree-planting event later… Continue reading

New admissions have been suspended for Engineering Technology diplomas (Instrumentation, Electrical and Mechanical) and the Transitional Vocational Program at Red Deer College. (Photo by Sean McIntosh/Advocate staff)
Developmentally disabled impacted: Red Deer College suspends program

Transitional Vocational Program comes to an end

Alberta’s chief medical officer of health Dr. Deena Hinshaw is asking Albertans to do their part by observing gathering limits, staying home if unwell, wearing masks and maintaining physical distance. (Photo by Chris Schwarz/Government of Alberta)
Three new Central zone COVID-19 deaths, Alberta adds 1,433 cases

Red Deer down to 802 active cases of COVID-19

NDP education critic Sarah Hoffman holds up freedom of information requests that turned up no records. The Opposition requested back-to-school re-entry plan correspondence between Education Minister Adriana LaGrange and school boards, teachers and the media. Photo via Facebook live
NDP renews calls for Alberta gov’t to scrap K-6 draft curriculum

The NDP is once again calling on the Alberta Government to get… Continue reading

Bo’s Bar and Grill owner Brennen Wowk said the hospitality industry is looking for more clarity from the province around what conditions must be met to allow for restaurants reopening. (Advocate file photo)
Frustated restaurant owners want to know government’s reopening plan

Restaurant owners feel they are in lockdown limbo

Welcoming cowboy boots at the historic and colourful Last Chance Saloon in the ghost town of Wayne near Drumheller, Alta., on Thursday, Sept. 19, 2019. The bar and hotel are up for sale. THE CANADIAN PRESS/Jeff McIntosh
‘It was a going concern’: Remaining bar and hotel in Alberta coal ghost town for sale

WAYNE, Alta. — Built during the First World War, it survived the… Continue reading

A letter from a bottle that washed up in New Brunswick in 2017 is shown in an undated handout photo. A team of researchers from Université du Québec à Rimouski are trying to solve the mystery of whether a letter in a bottle that washed up in New Brunswick in 2017 was indeed from a young victim of Titanic shipwreck or simply a hoax. THE CANADIAN PRESS/HO, N. Beaudry, UQAR *MANDATORY CREDIT*
Real or hoax? Quebec scholars probe mystery letter allegedly from Titanic passenger

MONTREAL — Researchers from Université du Québec à Rimouski are trying to… Continue reading

Minister of Transport Marc Garneau takes part in a press conference on Parliament Hill in Ottawa on Tuesday, Nov. 26, 2019. Advocates, experts and opposition MPs say correspondence showing close communication between the federal Transport Department and the Canadian Transportation Agency regarding passenger refunds throws into question the independence of the CTA, an arm’s-length body. THE CANADIAN PRESS/Sean Kilpatrick
Emails reveal close communication between government, transport regulator on refunds

OTTAWA — Advocates, experts and opposition MPs say correspondence showing close communication… Continue reading

Pharmacist Barbara Violo shows off a vial of the Oxford-AstraZeneca COVID-19 vaccine in Toronto on Friday, March 12, 2021. Several family doctors and physician associations across Canada say they welcome questions from anyone concerned about second doses of Oxford-AstraZeneca or any other COVID-19 vaccine. THE CANADIAN PRESS/Nathan Denette
Family doctors say they can answer vaccine questions, after Trudeau recommends them

Several family doctors and physician associations across Canada say they welcome questions… Continue reading

The Olympic rings float in the water at sunset in the Odaiba section of Tokyo, Wednesday, June 3, 2020. A new Leger poll suggests Canadians are divided over plans to send athletes from Canada to the upcoming Olympic games in Tokyo as Japan grapples with climbing COVID-19 cases. THE CANADIAN PRESS/AP, Eugene Hoshiko
Canadians divided on sending Team Canada athletes to the Tokyo Olympic Games: poll

OTTAWA — A new poll by Leger and the Association of Canadian… Continue reading

Harley Hay
Harley Hay: Insert your name here

Back in the Paleolithic Era when a McDonald’s cheeseburger was 29 cents… Continue reading

Black Press file photo
Job search: Write a request that will get accepted

Last Thursday, when I logged into LinkedIn, I had nine connection requests… Continue reading

T-shirt with vaccine shot. (Contributed photo)
Letter: Hand out T-shirts with vaccine shots

I made myself a graphic T-shirt recently after getting my vaccine shot.… Continue reading

Most Read