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Canada Retail Sales Rise 2.1% in August

10/22/2021 | 06:56am EST

By Paul Vieira

OTTAWA--Canadian retail sales rose in August, led by strong gains in receipts at grocery stores, gas stations and clothing outlets.

Retail sales jumped 2.1% in August to a seasonally-adjusted 57.21 billion Canadian dollars, or the equivalent of US$46.26 billion, Statistics Canada said Friday. Market expectations were for a 2% advance, according to economists at Desjardins Securities.

In the previous month, retail sales fell by a revised 0.1%, or not as steep as previously estimated.

In volume, or price-adjusted, terms, retail sales climbed 1.4% in August.

Statistics Canada added that its early indicators for retail sales in September suggest a decline of 1.9%, although this could be revised.

Write to Paul Vieira at paul.vieira@wsj.com

(END) Dow Jones Newswires

10-22-21 0856ET

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