car-retail

July boost in Canadian retail sales welcome, but more rate cuts needed: analysts

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July boost in Canadian retail sales welcome, but more rate cuts needed: analysts

Canadian retail sales edged up in July, but economists say it will take further interest rate cuts to spark lasting activity. Statistics Canada said Friday that retail sales rose 0.9 per cent, to $66.4 billion, in July, helped by stronger new car sales. The agency says sales were higher in seven of the nine subsectors it … Read more

Trying to buy a car? Your dealership might be recovering from a cyberattack

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Trying to buy a car? Your dealership might be recovering from a cyberattack

Car dealerships in North America continue to wrestle with major disruptions that started last week with cyberattacks on a software company used widely in the auto retail sales sector. CDK Global, a company that provides software for thousands of auto dealers in Canada and the U.S., was hit by back-to-back cyberattacks Wednesday. That led to … Read more