Canadian Retail Sales Flat In March

May 21, 2011  by in UnCategorized   

By Aggregated Content in economic news on May 22, 2011 from http://c.moreover.com/click/here.pl?z4654538326&z=1250249027

Canadian retail sales were basically flat in March, as consumers put off spending on clothes and furniture in order to fill their gas tanks, official data showed Friday.

Retail sales were flat in March, holding steady at C$37.3 billion, according to Statistics Canada. Economists expected retail sales to rise 0.9 percent, following the 0.4 percent gains recorded in February. Stripping out higher food and gasoline prices, retail sales in volume terms decreased 0.8 percent in March.

Receipts from gas stations rose 1.4 percent in dollar terms, the eighth increase in nine months. Gas prices rose almost 40

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