Canada July Retail Sales Unexpectedly Decline 0.1%
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Canadian retail sales unexpectedly fell in July as consumers cut purchases of furniture, appliances and electronics.
Sales declined 0.1 percent to C$35.9 billion ($35 billion), the third drop in four months, Statistics Canada said today in Ottawa. Economists surveyed by Bloomberg anticipated a 0.6 percent gain, according to the median of 15 estimates. Sales in volume terms fell 0.2 percent.