Retail sales drop in June: StatsCan
OTTAWA - Statistics Canada says retail sales fell 0.6 per cent in June to $40.1 billion, which partially offset a large gain in May.
The biggest decrease in dollar terms was a 1.2 per cent drop at food and beverage stores, with weaker sales reported by all types of stores in this subsector.
Analysts had expected a smaller decline following strong results earlier this year.
Statistics Canada says retail sales in the first six months of 2013 were still up 1.8 per cent compared to the same period last year.
It says strong sales in May, a labour strike in Quebec and flooding in southern Alberta all contributed to lower sales in eight of 11 subsectors in June, representing 57 per cent of total retail trade.
Statistics Canada says retail sales fell in Ontario, Quebec, Alberta and Newfoundland and Labrador in June, while British Columbia, Manitoba and Saskatchewan all reported sales gains.
In volume terms, retail sales declined 1.2 per cent after three straight months of gains.