Missing 3-year-old boy found dead in creek in Mississauga, Ont.: police
A three-year-old boy has been found dead a day after he went missing in a park in Mississauga, Ont., Peel police say.
Canadian retail sales slowed in March as shoppers spent less at furniture, home furnishings, electronics and appliances retailers, Statistics Canada said Friday.
The agency said retail sales dropped 0.2 per cent to $66.4 billion in March, however its early estimate for April pointed to an increase of 0.7 per cent for that month.
CIBC senior economist Katherine Judge said Canadian retail sales ended the first quarter on a soft note.
"The waning of momentum over the quarter reflects consumer caution as mortgages come up for renewal at higher interest rates, and is consistent with the Bank of Canada beginning to trim interest rates in June," Judge wrote in a report.
"The advance estimate for April sales suggested a 0.7 per cent increase, but that will partly reflect a surge in gasoline prices, with real volumes likely to be up by about half that pace, and essentially only just reversing the March decline."
The Bank of Canada's next interest rate decision is set for June 5. Governor Tiff Macklem has said it is "with the realm of possibilities" that the central bank could cut rates in June, but that the decision will be based on the economic data.
Statistics Canada said retail sales in March fell in seven of nine subsectors.
Sales at furniture, home furnishings, electronics and appliances retailers fell 1.6 per cent, while sales at clothing, clothing accessories, shoes, jewelry, luggage and leather goods stores also dropped 1.6 per cent.
Retail sales at motor vehicle and parts dealers gained one per cent in March, helped by a 1.1 per cent increase at new car dealers.
Core retail sales -- which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers -- fell 0.6 per cent.
The only core retail subsector to report an increase in sales was building material and garden equipment and supplies dealers which gained 1.3 per cent.
In volume terms, overall retail sales fell 0.4 per cent in March.
This report by The Canadian Press was first published May 24, 2024.
A three-year-old boy has been found dead a day after he went missing in a park in Mississauga, Ont., Peel police say.
Against the rainy Paris night sky, Celine Dion staged the comeback of her career with a powerful performance from the Eiffel Tower to open the Olympic Games.
Premier Danielle Smith said Friday afternoon in Hinton while weather conditions are cooler, the Jasper fire is still considered out of control and that Jasper residents can expect to be away from their homes 'for several weeks.'
An Irish museum will withdraw a waxwork of singer-songwriter Sinéad O'Connor just one day after installing it, following a backlash from her family and the public, it told CNN in a statement on Friday.
A Winnipeg senior is getting soaked with a six-figure water bill.
Nearly two weeks after Donald Trump's near assassination, the FBI confirmed Friday that it was indeed a bullet that struck the former president's ear, moving to clear up conflicting accounts about what caused the former president's injuries after a gunman opened fire at a Pennsylvania rally.
Orillia OPP arrested and charged a driver with impaired driving after flashing their high beams.
The lawyer for a former judge whose claims to be Cree were questioned in a CBC investigation says his client is not considering legal action against the broadcaster after the Law Society of British Columbia this week backed her claims of Indigenous heritage.
Scotiabank says it has fixed a technical issue that impacted direct deposits on Friday morning.
As fire threatened people in Jasper National Park, Colleen Knull sprung into action.
Video posted to social media on Thursday morning appears to show the charred remains of a Jasper, Alta., neighbourhood.
A Saskatchewan-born veteran of the Second World War was recently presented with France's highest national order.
A local First Nations elder and veteran is helping to bring the Ojibwe language to a well-known film for the first time.
A cat who fled her Montreal home nearly a decade ago has been reunited with her family after being found in Ottawa.
A woman in Waterloo, Ont. is out thousands of dollars for a car crash she wasn’t involved in.
A swarm of bees living in a lamppost in Winnipeg’s Sage Creek neighbourhood has found a new home for its hive.
Around 100 acres of Manitoba Crown Land near the Saskatchewan border is being returned to the Métis community.
Nova Scotia is suspending the licensed Cape Breton moose hunt for three years due to what the province is calling a “significant drop” in the population.