StatCan Report Says Alberta Made Record Retail Sales

Statistics Canada has recently mentioned in its detailed report that Alberta retail sales have reached a record level in June while the province grasped highest annual growth rate in the country among all provinces. According to the report issued by the federal agency on Friday, Alberta’s retail sales were of $6.6 billion, i.e. an 8.8 per cent year-over-year, while its monthly advance was 1.7 per cent, which is “largely attributable to higher sales at new car dealers and other general merchandise stores.”

Whereas on the other hand, the national retail sales have increased again for the sixth consecutive month, i.e. up by 1.1 per cent to $42.6 billion in June. Meanwhile, gains were also reported in eight of 11 subsectors, including 71 per cent of retail trade. The report stated that “the largest sales increase in dollar terms across all subsectors was a 3.9 per cent gain at general merchandise stores. The growth in June came mainly from sales of lawn and garden products, which were sold later this spring as a result of colder and wetter weather in April and May. Both store types within the subsector, other general merchandise stores (5.2 per cent) and department stores (2.1 per cent), reported stronger sales.”

In addition to that, the report explained that “sales at food and beverage stores rose 1.3 per cent. Supermarkets and other grocery store sales increased 1.3 per cent following a decline in May. Beer, wine and liquor store sales increased 2.0 per cent. The gain coincided with the early rounds of the 2014 FIFA World Cup in the latter half of June.”

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