
Statistics Canada says retail sales rose 2.2% to $62.2B in May
BNN Bloomberg
Statistics Canada says retail sales rose 2.2% to $62.2 billion in May, led higher by sales at new car dealers and gas stations.
The agency says the increase came as sales rose in eight of the 11 subsectors it tracks.
Higher prices helped lift sales at gasoline stations 9.2 per cent in May, while sales at motor vehicle and parts dealers rose 3.3 per cent boosted by a 3.8 per cent gain at new car dealers.
Core retail sales — which exclude gasoline stations and motor vehicle and parts dealers — increased 0.6 per cent for the month, boosted by higher sales at food and beverage stores.

Oil prices rise and stocks fall as war with Iran still advances despite Trump’s talk of negotiations
U.S. markets ticked slightly lower and oil prices rose early Tuesday as the war in the Middle East continued a day after U.S. President Donald Trump said the United States had made progress in talks with the Islamic Republic to end the conflict.












