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Oct 24, 2017 · Turning Point and Recovery. The US recession was severe enough to draw comparisons with the Great Depression of the 1930s, but the Canadian recession of 2008–09 was milder than the downturns of 1981–82 and 1990–92. The main Canadian business cycle indicators rebounded in the spring and early summer of 2009.
Feb 23, 2009 · Retail sales in 2008. In Canada, retail sales increased 3.2% to $425.3 billion in 2008, following gains of 5.8% in 2007 and 6.4% in 2006. The main contributor to this lower growth rate was sales at new car dealers, which fell 4.7%. In volume terms, retail sales rose 2.9% in 2008, compared with 5.2% in 2007.
Canada’s imports fell 15.5% to $374.2 billion in 2009 from $443.0 billion in 2008. This decline was the result of falling volumes as import prices increased slightly. All import sectors posted declines except agricultural and fishing products. Import volumes fell 16.0% reflecting the lower demand in Canada.
Falling sales in the US and bankruptcy proceedings for two major North American producers accelerated the decline to 1.5 million units in 2009, the lowest level in almost three decades. Export volume led the drop, down 62% between the fourth quarter of 2005 and the first quarter of 2009. The mix of vehicles produced in Canada changed radically.
The rate of Canada's retail sector GDP growth was 34 percent faster than the U.S. retail sector and 96 percent greater than the Canadian economy between 2004 and 2008. 5 Retail employment grew 2.4 percent per year from 2002 to 2009 while employing 2.0 million people, or 11.9 percent of the total working population in 2009. 6
- e-Commerce (multi-channel retailing)
Feb 21, 2021 · Retail sales across Canada dropped by the most since April’s historic lows, falling by 3.4% in December to $53.4 billion. Canadian retailers finished off 2020 1.4% below the previous year’s levels, amounting to the largest annual decline since the 2009 recession.
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Feb 27, 2020 · Retail sales growth in 2019 was the lowest since 2009, when a decline of 2.9% was recorded during the Great Recession. It is also apparent that all the major retail sectors contributed to the slow going in 2019. The underlying 12 month trend (green line the above chart) has been going downhill for most of the last two years.
