By Robb M. Stewart
OTTAWA–Retail sales in Canada slipped in August, led by a second straight month of weakness at motor vehicle and parts dealers.
Sales edged down 0.1% from the previous month to a seasonally adjusted 66.08 billion Canadian dollars, the equivalent of about $48.16 billion, Statistics Canada said Friday. The drop was less steep than the data agency’s preliminary estimate last month for a 0.3% decline in trade, after sales rose an upwardly revised 0.4% in July.
The statistics agency said early indications from companies suggest that retail sales were unchanged in September, though the figure is an estimate and will be revised.
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