Canada May retail sales leap by 1.9 pct, biggest jump in 3
The advance - far greater than the 0.4 percent growth
predicted by market operators - is the largest since the 2.8
percent increase recorded in March 2010. Retail sales hit a
record C$40.42 billion ($39.24 billion) in May, up from the
previous high of C$39.77 billion set in November 2012.
Higher sales were reported in nine of the 11 subsectors,
representing 94 percent of total retail trade. In volume
terms, sales were also up 1.9 percent.
Canadian e-retail sales are set to grow 10% annually through
E-commerce sales will grow at least 10% annually over next
five years and hit $33.8B in 2018. This part of Canada's
retail has been sluggish compared to the U.S. and the U.S.
retail push is helping spur the growth. U.S.-based retailers
are also making it easier for Canadians to shop their sites.
Some operate .ca sites just for Canadian shoppers and some
offer fulfillment and delivery options that make online
shopping more attractive for Canadian shoppers. Editor's
note: This also means online fraud will escalate as well.
Halifax Regional Police are asking for the public's help
identifying a woman who's accused of stealing more than
$7,500 worth of sunglasses from the Halifax Shopping Centre.
On June 11, a woman entered a store at the mall specializing
in sunglasses, took several sunglasses and left the store
without paying for them, said Halifax Regional Police. The
next day, police allege the same woman returned to the store
and stole several more sunglasses. Officers estimate the
merchandise is worth more than $7,500.
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