Retail sales fell 0.6 per cent in June to $40.1 billion

Posted by Canadian Press

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Canadian retail sales fell a surprisingly large 0.6 per cent in June to $40.1 billion, partially offsetting a large gain in May, as consumers pulled back from purchases of a wide range of products, according to Statistics Canada data.

“Canadian consumers fared a bit worse than expected,” CIBC World Markets economist Emanuella Enenajor said in a research note, noting a 0.8 per cent decline when auto sales are excluded.