Canada Retail Sales Climb 0.1% in September

Canadian retail sales edged upward in September but fell well short of market expectations, setting the stage for a significant slowdown in economic growth in the third quarter after a strong first half of the year.

The value of Canadian retail sales in September advanced 0.1% on a seasonally adjusted basis to 49.06 billion Canadian dollars ($38.54 billion), Statistics Canada said Thursday. Market expectations were for a 0.9% gain, according to economists at Royal Bank of Canada.

On a volume, or price-adjusted, basis, retail sales fell 0.6% in September, or the biggest such decline in nine months.

On a year-over-year basis, nominal retail sales rose 6.2%.

Write to Paul Vieira at

(END) Dow Jones Newswires

November 23, 2017 08:45 ET (13:45 GMT)