Shoppers at an Ikea store in the Brooklyn borough of New York, US, on Oct. 9, 2024. Photo by Michael Nagle/Bloomberg

Canadian retail sales made up for the worst start to a third quarter since 2022 with a relatively healthy gain last month.

An advance estimate suggests receipts for retailers grew one per cent in August, wiping out July’s 0.8 per cent decline, according to Statistics Canada data Thursday . Sales also fell 0.8 per cent in volume terms in July, and when auto sales were excluded, receipts slid 1.2 per cent.

The statistics agency didn’t provide details for the August estimate, which is based on responses from just more than half of companies surveyed. But it correctly projected the extent of July’s drop, which also matched the median projection in a Bloomberg survey of e

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