Retail sales in Canada likely fell 2.1 percent month-over-month in December of 2021, preliminary estimates showed. Considering November, retail sales increased 0.7 percent over a month earlier, easing from a downwardly revised 1.5 percent in October and missing preliminary estimates of a 1.2 percent increase. Sales rose in 6 out of 11 sub-sectors, with overall growth driven by increased retail in gasoline stations (4.9 percent), building material, garden equipment and supplies (3 percent), and food and beverage stores (1 percent). Across major Canadian provinces, gains took place Quebec (1.2 percent), Ontario (0.5 percent), and British Columbia (0.8 percent), despite intense flooding during November. On an annual basis, retail trade hiked 4.4 percent in November, easing from an upwardly revised 5.5 percent in October. source: Statistics Canada

Retail Sales MoM in Canada averaged 0.40 percent from 1991 until 2021, reaching an all time high of 23.50 percent in May of 2020 and a record low of -24.90 percent in April of 2020. This page provides - Canada Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Retail Sales MoM in Canada is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Retail Sales MoM is projected to trend around 0.40 percent in 2023 and 0.30 percent in 2024, according to our econometric models.

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Canada Retail Sales MoM


Canada Retail Sales MoM
In Canada, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Canada, Retail sales are seasonal, volatile and relatively important to the overall economy.
Actual Previous Highest Lowest Dates Unit Frequency
0.70 1.50 23.50 -24.90 1991 - 2021 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-12-21 01:30 PM Oct 1.6% -0.3% 1% 1.0%
2022-01-21 01:30 PM Nov 0.7% 1.5% 1.2% 1%
2022-02-18 01:30 PM Dec 0.7% -2.1%


Related Last Previous Unit Reference
Retail Sales MoM 0.70 1.50 percent Nov/21
Retail Sales Ex Autos 1.10 1.30 percent Nov/21
Retail Sales YoY 4.40 5.50 percent Nov/21
Consumer Spending 1189996.00 1141947.00 CAD Million Sep/21
Disposable Personal Income 1471864.00 1463752.00 CAD Million Sep/21
Personal Savings 11.00 14.20 percent Sep/21
Consumer Credit 708743.00 700962.00 CAD Million Nov/21
Private Sector Credit 4638279.00 4618799.00 CAD Million Sep/20
Households Debt To Income 177.31 172.93 percent Sep/21
Households Debt To GDP 109.41 109.07 percent of GDP Sep/21


News Stream
Canada Retail Sales Rise Less than Anticipated
Retail sales in Canada likely fell 2.1 percent month-over-month in December of 2021, preliminary estimates showed. Considering November, retail sales increased 0.7 percent over a month earlier, easing from a downwardly revised 1.5 percent in October and missing preliminary estimates of a 1.2 percent increase. Sales rose in 6 out of 11 sub-sectors, with overall growth driven by increased retail in gasoline stations (4.9 percent), building material, garden equipment and supplies (3 percent), and food and beverage stores (1 percent). Across major Canadian provinces, gains took place Quebec (1.2 percent), Ontario (0.5 percent), and British Columbia (0.8 percent), despite intense flooding during November. On an annual basis, retail trade hiked 4.4 percent in November, easing from an upwardly revised 5.5 percent in October.
2022-01-21
Canada Retail Sales Growth Seen Easing in November
Retail sales in Canada likely rose 1.2% month-over-month in November of 2021, preliminary estimates showed. Considering October, retail sales increased 1.6% over a month earlier, rebounding from a downwardly revised 0.3% decline in September, and faster than preliminary estimates of a 1.0% advance. Sales increased in 7 of the 11 sub-sectors, with overall growth driven by the recovery in motor vehicle and parts dealers (+2.2%), as new car dealer sales (+2.8%) bounced back from two straight monthly contractions. Across major Canadian provinces, gains were led by Ontario (+1.9%), Alberta (+3.8%), while Quebec posted the nation’s only contraction (-0.2%). On an annual basis, retail trade hiked 5.3% in October, quickening from an upwardly revised 5% advance in September.
2021-12-21
Canada Retail Sales Likely Rise in October
Retail sales in Canada likely advanced 1% over a month in October of 2021, preliminary estimates showed. Considering September, retail sales fell 0.6% over a month, following a downwardly revised 1.8% increase in August, and lower than preliminary estimates of a 1.7% decrease. Sales decreased in 7 of the 11 sub-sectors, led by declines in motor vehicle and parts dealers (-1.6%), as new car dealer sales (-2.8%) continued to lower amid the global supply shortage of semiconductor chips. Further decreases took place in clothing and accessories stores (-5.9%), particularly clothing stores (-7.9%), in addition to miscellaneous retailers (-2.8%) and electronics and appliance stores (-0.7%). Meanwhile, higher sales were reported for jewellery, luggage, and leather goods stores (2.6%) and shoes stores (0.4%). On an annual basis, retail trade expanded 4.8% in September, slowing from a downwardly revised 8% jump in August.
2021-11-19