Gas Prices Fuels Retail Sales Boost: Stats Can

By The Canadian Press
June 22, 2016 - 5:21pm

High prices at the gas pump boosted retail sales by 0.9 per cent in April.

Statistics Canada says retail sales came in at 44.3-billion dollars -- in line with economists' expectations.

Excluding sales at gasoline stations, which climbed 6.0 per cent, retail sales were up just 0.4 per cent for the month.

Bank of Montreal senior economist Benjamin Reitzes says April G-D-P looks to be on track for a 0.1 to 0.2 per cent increase.

He says while that's a decent start to the second quarter, the Alberta wildfires are going to drag down May G-D-P and, in turn, the quarter. (The Canadian Press)

Local Real Estate Market Seeing Fewer Sales, More Listings

Join the Discussion

We are happy to provide a forum for commenting and discussion. Please respect and abide by the house rules: Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards. See full commenting rules.