Higher sales at gas stations as prices rise boost retail sales in March - BNN Bloomberg
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Article Excerpt
OTTAWA — Retail sales rose 0.9 per cent to $72.7 billion in March as higher gas prices boosted overall sales for the month, Statistics Canada said on Friday.
Sales at gas stations and fuel vendors rose 12.4 per cent as the attack on Iran by the U.S. and Israel drove oil and gas prices higher, the agency said. In volume terms, sales for the subsector fell 1.9 per cent for the month.
“The war-driven price shock is leaving a mark on Canadian consumers, who have otherwise held in there against elevated economic uncertainty and outright population declines,” said BMO senior economist Shelly Kaush…
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