Money: Canadian retail sales up 0.4 per cent in July, first increase in three months - PressFrom - Canada
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Money Canadian retail sales up 0.4 per cent in July, first increase in three months

16:30  20 september  2019
16:30  20 september  2019 Source:   msn.com

Greater Montreal home sales rise 10 per cent in August as prices also climb

Greater Montreal home sales rise 10 per cent in August as prices also climb MONTREAL — Greater Montreal home sales in August rose 10 per cent compared with a year ago to hit a record high as prices also rose. The Quebec Professional Association of Real Estate Brokers says the area had 3,527 home sales in August for the best result for the month since it started collecting data in 2000. The association says sales were especially strong in the outer parts of the metropolitan area, including a 17 per cent climb for the North Shore and 16 per cent for the South Shore, while the Island of Montreal saw a five per cent climb.

U.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of May's retail sales were also revised up to show no change instead of the previously reported Motor vehicle sales climbed 1 .2 percent in July , the biggest rise since December 2016

U.S. retail sales edged up in July despite a drop in auto sales . It was the biggest such gain since a similar increase in December. Retail sales are closely watched because they’re the government’s first report each month on consumer spending, which accounts for 70 percent of U.S. economic activity.

OTTAWA — Statistics Canada says retail sales rose 0.4 per cent in July to $51.5 billion, the first increase in three months.

Economists had expected an increase of 0.6 per cent, according to financial markets data firm Refinitiv.

Statistics Canada says sales were up in six of the 11 subsectors it tracks representing 71 per cent of retail trade.

Related video: How to tell If you’re a shopaholic [Provided by Money Talks News] 

Motor vehicle and parts dealers reported sales climbed 1.5 per cent in July, boosted by higher sales at new car dealers.

Canadian economy's job gains driven by part-time work, youth employment

Canadian economy's job gains driven by part-time work, youth employment OTTAWA — Canada's economy posted a job surge last month of 81,100 net new positions, the bulk of which were part time, in the services sector and picked up by young people. Statistics Canada said in a report Friday that, even with the increase, the August unemployment rate stayed at 5.7 per cent as more people looked for work. The jobless rate remained near its four-decade low.

Canadian retail sales rose 0 . 4 percent , a gain dominated by automobiles while receipts across other segments Statistics Canada also pared estimates for the prior three months , part of larger annual data revisions. Gasoline station sales fell 0.9 percent in February, the first decline since June 2017.

In May, retail sales went up a solid 0.5 percent , followed by an even stronger 0.9 percent increase in June. Sales by automobile dealerships rose 3 .2 percent in July , up from a 0 . 4 percent increase in June. Automakers have been offering free financing and other incentives to bolster sales .

The miscellaneous store retailer category rose 1.7 per cent. boosted by a 14.3 per cent increase at cannabis stores as sales at cannabis stores topped $100 million for the first time.

Building materials and garden equipment and supplies dealers saw sales fall 3.2 per cent.

This report by The Canadian Press was first published Sept. 20, 2019.

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Canada's top 1% saw fastest income acceleration, overall decrease in taxes .
OTTAWA — A new study says the incomes of Canada's top one per cent grew at a faster pace than everyone else's in 2017 — and, overall, they saw their taxes edge down. Statistics Canada says in 2017 the average total income of all tax filers rose 2.5 per cent compared to the previous year, while those in the top one per cent saw average income growth of 8.5 per cent. The report says the top 0.1 per cent took home 17.2 per cent more income, and people in the top 0.01 per cent, who made at least $2.7 million, saw their incomes rise 27.2 per cent — for the fourth-highest increase in 35 years.

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