# Canadian Retail Sales Slightly Softer Than Expected

> Canadian retail sales rose 1.2% in August but fell short of economists' 1.3% forecast.
- Title: Canadian Retail Sales Slightly Softer Than Expected | Shortify
- Summary: Canadian retail sales rose 1.2% in August but fell short of economists' 1.3% forecast. Canadian retail sales rose 1.2% month over month in August, slightly…
- Keywords: canada, retail sales, statistics canada, economists, august, canada retail sales, money, business, Canadian, Retail, Sales, Slightly
- Source: Financialpost — https://financialpost.com/news/economy/canada-retail-sales-softer-than-expectations
- Read time: 1 min
- Topics: canada, retail sales, statistics canada, economists, august, canada retail sales, money, business
## August retail sales
Retail sales in Canada rose 1.2 per cent month over month to $74.6 billion in August.
## Economists' forecast
Economists predicted retail sales would rise by 1.3 per cent in August.
## Auto and parts dealers
Auto and parts dealers rose 1.2 per cent on higher sales of new cars and parts.
## Gas stations and fuel vendors
Gas stations and fuel vendors rose 1.7 per cent, the first increase in three months.
## Core retail sales
Core retail sales increased by 1.1 per cent after declining 0.7 per cent in July.
## Economist analysis
Maria Solovieva, TD Economics, said third-quarter retail sales may grow at 4 per cent annualized.
## Key takeaway

Canadian retail sales rose 1.2% month over month in August, slightly below economists' 1.3% forecast.