Ottawa – Retail sales in Canada grew at the fastest growth since September in November, rising 1.3% to $ 55.2 billion.
Statistics Canada reported that this is the seventh consecutive monthly increase. This was due to higher sales in food stores as well as a slight increase in online sales.
Core retail sales, which excludes those at petrol stations and auto and parts dealers, rose 2.6% between October and November.
The Federal Reserve notes an increase in food store sales of 5.9% in November, but the first decline since April in sales of auto and parts dealers, by 0.9%.
Sales in Canada increased in seven of the 11 subsectors, which account for 53.4% of the retail trade. Statistics Canada reported an increase in sales in nine provinces in November, with an increase in Quebec by 2% and in Ontario by 0.9%. The sales growth in these two provinces was mainly attributed to food stores.
The 6% increase in New Brunswick was attributed to the growth in sales at auto and parts dealers. The increase in retail sales from October to November was measured by 4.9% in Prince Edward Island and 3.6% in Nova Scotia.
Natalie Sinclair is a contributor at Vaughantoday.ca, covering a wide range of topics including local news, politics, business, technology, sports, entertainment, and lifestyle. She focuses on delivering clear, accurate reporting and useful information that helps readers stay informed about current events and issues that matter to their communities. Her work highlights timely developments, relevant stories, and practical insights in a professional and reader-friendly manner.