25 Sep 2012

Retail sales up throughout Canada

A recent report by Statistics Canada shows more retail sales occurred throughout the country during July than was originally expected.

Individuals needing to free up space in their homes from their accumulated retail items should look into cheap storage in the Greater Toronto Area.

The data showed that retail sales increased 0.7 percent to the near record $39 billion during July, ahead of the market expectations of 0.2 percent gain.

"While welcome, we continue to track a flat industry GDP estimate," Mazen Issa, TD Securities analyst told Reuters Canada. "Heading forward, we expect the pace of consumer spending to improve, though it will remain subpar relative to historical standards, suggesting that other sectors of the economy – such as net exports – will need to play a larger role in driving growth."

Wholesale and manufacturing sales fell in July, while Canada posted its largest trade deficit.

Self storage can be a smart way to hang on to valuable items without taking up room in a house or apartment. For Toronto storage solutions, there's no better than Jiffy Self Storage. Those interested in self storage should check out the affordable rates on Jiffy's website, where they can also enter to win a free iPad 3.

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