Business
Retail sales fall during June
Aug 22, 2012 / 8:58 am
Canadian retail sales widely missed expectations during June.
Statistics Canada says sales declined 0.4 per cent to $38.7 billion, more than offsetting a gain in May.
Economists had expected sales to rise by 0.1 per cent during June.
The agency said that general merchandise store receipts fell by 1.05 per cent with store closures contributing to lower sales at department stores.
Sales at motor vehicle and parts dealers decreased 0.4 per cent.
It also says that retail sales decreased most in Alberta after reporting the largest increase in May.
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