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Canada Retail Trade, August 2014
Retail sales declined 0.3% in August to $42.4 billion. This second consecutive monthly decrease follows gains in the six previous months. Sales were down in 7 of 11 subsectors, representing 76% of retail trade. After removing the effects of price changes, particularly lower gasoline prices, retail sales in volume terms edged down 0.1%. Sales at gasoline stations declined 2.1% in August to their lowest level since late 2013, mainly reflecting lower prices at the pump. According to the Consumer Price Index, seasonally unadjusted gasoline prices declined 3.2% in August compared with July. Following four consecutive ... (full story)