The August 2015 data from StatCan indicates that real gross domestic product (GDP) increased marginally (0.1%) following increases in June (0.4%) and July (0.3%). The growth in August was attributed mainly to gains in manufacturing, mining, quarrying, and oil and gas extraction, as well as retail trade.
But retail sales consultant Ed Strapagiel predicts retail sales growth is slowing down based on year-to-date sales data. Ed notes that 2015 GDP growth has been below expectations and “retail sales growth is past its peak and is moderating just in time for Christmas.”
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