By Robb M. Stewart
OTTAWA–Retail sales in Canada rose modestly in July, led by increases in food and beverage trade for the month.
Sales rose 0.3% from the previous month to a seasonally adjusted 66.15 billion Canadian dollars, the equivalent of about $49.06 billion, Statistics Canada said Friday. The advance was slightly weaker than the data agency’s preliminary estimate last month for a 0.4% increase in trade, after sales edged up by 0.1% for a second month running in June.
The statistics agency said that early indications from companies suggest that retail sales fell 0.3% in August, though the figure is an estimate and will be revised.
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