B.C. tenants evicted for landlord's use after refusing large rent increase to take over neighbouring suite
Ashley Dickey and her mother rented part of the same Coquitlam duplex in three different decades under three different landlords.
Retail sales fell 2.5 per cent to $61.3 billion in July, the first drop in seven months as sales at gasoline stations and clothing and clothing accessories stores decreased, Statistics Canada said Friday.
The drop was deeper than the 2.0 per cent drop that the agency had predicted in its early estimate for the month, however its initial estimate for August pointed to a gain of 0.4 per cent for the month.
CIBC economist Karyne Charbonneau said retail sales had been more resilient than expected in the past couple of months given high inflation, rising interest rates and a shift to service consumption.
"The weaker-than-expected July data finally provides some evidence that the expected shift away from goods consumption and the impact of higher rates are starting to materialize more meaningfully," Charbonneau wrote in a report.
"This is the type of data the Bank of Canada will be looking for as it enters what should be the last stage of its hiking cycle. We continue to expect another (half percentage point) increase in October, before further evidence of a cooling economy allows the bank to pause its rate increases."
The Bank of Canada raised its key interest rate target by three-quarters of a percentage point to 3.25 per cent earlier this month in its fight to bring inflation under control. The Canadian central bank's next interest rate decision is scheduled for Oct. 26 when it will also publish its updated forecast for the economy in its monetary policy report.
Statistics Canada said Friday retail sales in July were down in nine of the 11 subsectors it tracks, representing 94.5 per cent of retail trade.
Sales at gasoline stations fell 14.2 per cent for the month as gasoline prices fell 9.2 per cent and sales at gasoline stations in volume terms decreased 7.0 per cent.
Meanwhile, sales at clothing and clothing accessories stores dropped 3.3 per cent as clothing store sales fell 3.3 per cent and shoe stores slipped 6.5 per cent. Jewelry, luggage and leather goods stores lost 0.6 per cent.
The miscellaneous stores category, which includes pet stores, cannabis stores and office supplies and stationery stores, saw sales rise 0.7 per cent.
Core retail sales -- which exclude gasoline stations and motor vehicle and parts dealers -- fell 0.9 per cent.
In volume terms, retail sales fell 2.0 per cent in July.
This report by The Canadian Press was first published Sept. 23, 2022.
Ashley Dickey and her mother rented part of the same Coquitlam duplex in three different decades under three different landlords.
A man who fell into a crevasse while leading a backcountry ski group deep in the Canadian Rockies has died.
A new survey by Dalhousie University's Agri-Food Analytics Lab asked Canadians about their food consumption habits amid rising prices.
MPP Sarah Jama was asked to leave the Legislative Assembly of Ontario by House Speaker Ted Arnott on Thursday for wearing a keffiyeh, a garment which has been banned at Queen’s Park.
Charlie Woods failed to advance in a U.S. Open local qualifying event Thursday, shooting a 9-over 81 at Legacy Golf & Tennis Club.
As Donald Trump was running for president in 2016, his old friend at the National Enquirer was scooping up potentially damaging stories about the candidate and paying out tens of thousands of dollars to keep them from the public eye.
After Prime Minister Justin Trudeau said the federal government would still send Canada Carbon Rebate cheques to Saskatchewan residents, despite Saskatchewan Premier Scott Moe's decision to stop collecting the carbon tax on natural gas or home heating, questions were raised about whether other provinces would follow suit. CTV News reached out across the country and here's what we found out.
A Montreal actress, who has previously detailed incidents she had with disgraced Hollywood producer Harvey Weinstein, says a New York Court of Appeals decision overturning his 2020 rape conviction is 'discouraging' but not surprising.
Caleb Williams is heading to the Windy City, aiming to become the franchise quarterback Chicago has sought for decades.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
A property tax bill is perplexing a small townhouse community in Fergus, Ont.
When identical twin sisters Kim and Michelle Krezonoski were invited to compete against some of the world’s most elite female runners at last week’s Boston Marathon, they were in disbelief.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.
A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.