Here’s A Business Idea – Retail Sales In Canada Rise

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Retail sales in Canada rose for a fourth consecutive month in June, led by higher gasoline prices and clothing purchases. Sales rose 0.5 percent to 36 billion Canadian dollars ($33.9 billion), Statistics Canada said, matching economists predictions after a revised 0.3 percent gain the month before. Sales rose in six of eight major categories the agency tracks, including gains of 2.5 percent at clothing stores and 1.3 percent for food and beverages. Higher gasoline prices pushed sales at filling stations up 4.2 percent. Excluding such fluctuations, retail sales would have dipped 0.4 percent. Gasoline pump prices rose 5.1 percent.


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