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Market Update 2012

Blog by Century 21 Amos Realty | July 24th, 2012

Chief BCREA economis Cameron Muir just provided us with this market update. Take a look. 


Canadian Retail Sales - July 24, 2012
Canadian retail sales rose 0.3 per cent in May, with gains reported in 6 of 11 subsectors. Adjusted for inflation, retail sales were up 0.7 per cent. The retail sector in BC continues to post solid growth in 2012, provincial retail sales increased 0.2 per cent in May while year-over-year sales growth was 4.1 per cent. 

Today's release further solidifies our second quarter Canadian real GDP growth tracking estimate of 1.5 to 2 per cent. 

For more information, please contact: 

Cameron Muir Brendon Ogmundson
Chief Economist Economist
Direct: 604.742.2780 Direct: 604.742.2796
Mobile: 778.229.1884 Mobile: 604.505.6793
Email: cmuir@bcrea.bc.ca
Email: bogmundson@bcrea.bc.ca