By Courtney Tower
OTTAWA (MNI) - Canadian retail sales rose in June by 0.6% from May,
mostly on higher prices, as the volumes of retail sales were flat,
Statistics Canada reported Friday.
The 0.6% gain, to C$43.2 billion, was a decline from the 0.9% gain
in May, which was revised downward from an earlier reported +1.0%.
Market analysts surveyed by MNI had expected total retail trade to
rise 0.2% on the month, and by 0.6% ex-autos.
Excluding sales of new and used and recreational vehicles and
parts, sales were up 0.8%, matching the May gain (revised from +0.9%).
Excluding motor vehicles and gasoline, sales rose 0.5% following a 0.8%
increase in May.
Gasoline stations recorded the largest gains overall in dollar
terms on higher pump prices.