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- Regionally, sales were down in nine provinces in February, with the largest declines in Alberta, led by lower car sales — bucking the national trend. British Columbia and its largest city of Vancouver also saw significant decreases. The sole province where retailing activity rose in May was Nova Scotia, driven by higher vehicle sales.
www.bnnbloomberg.ca/business/2024/07/19/canadas-retail-sales-slump-as-high-rates-weigh-on-shoppers/
Canadian Retail Market Overview. To date in 2024, some retail sectors have struggled throughout the Canadian retail market while others reported some growth, but the common underlying theme is the impact of inflation on consumer spending habits.
- Kristina Bowman
- Sr. Research Manager
- 225 West Wacker, Chicago, 60606, IL
Jul 19, 2024 · In volume terms, retail sales fell 0.7% in May. Excluding autos, retail sales fell 1.3%, significantly lower than the 0.5% drop expected by economists. Regionally, sales were down in nine provinces in February, with the largest declines in Alberta, led by lower car sales — bucking the national trend.
Feb 21, 2024 · Factors that influenced retail sales varied throughout the sector, with inflation, geopolitical unrest, extreme weather events, supply chain disruptions and labour shortages influencing price increases.
Jul 19, 2024 · Retail sales, which comprise motor vehicles, clothing, furniture, food and beverages among others, dropped by 0.8% in May on a monthly basis, reversing a 0.6% rise in April, Statistics Canada...
Retail By The Numbers. RCC has replaced the monthly Retail By The Numbers publication with the Retail Pulse Dashboard, a new interactive platform that delivers data on Canadian retail sales, retail job numbers, economic data, credit and debit card spending and consumer behaviour in one online tool on the Retail Council of Canada’s website.
Apr 21, 2023 · Retail sales fell 1.4% in March, according to a preliminary estimate released by Statistics Canada, which would be the biggest monthly decline since last July. That followed a 0.2% decrease in...
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Feb 21, 2023 · In 2022, retail e-commerce sales continued to remain elevated above pre-pandemic levels in some subsectors, while in others, the resumption of in-store operations led consumers and businesses to transition closer to pre-pandemic shopping preferences.
