Canadian Retail Sales Dip in September

Canadian retail sales took a hit in September, with a seven-tenths of a percent decline, marking the first decrease in three months. Consumers spent less on big-ticket items like cars and building materials, with the motor vehicle sector seeing a significant three percent drop. However, food and beverage retailers saw an increase. This downturn affected six out of nine subsectors, and the volume of goods sold also decreased. Preliminary estimates suggest a potential stabilization in October.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.