Retail sales in Canada rose 0.6 percent over a month earlier in July 2020, following a downwardly revised record 22.7 percent gain in the previous month but below market expectations of a 1 percent increase. Sales were up in 6 of 11 subsectors, in particular at the motor vehicle & parts dealers subsector (+3.3%) on continued pent-up demand for motor vehicles following pandemic-driven dealership closures in the spring; gasoline stations (6.1%) on the back of higher gasoline prices, the continued reopening of the economy, and more Canadians travelling and buying locally; and clothing & clothing accessories stores (11.2%). Meanwhile, sales fell at food & beverage stores (-2.1%); general merchandise (-0.4%) and sporting goods, hobby and music (-8.8%). Overall, the recovery in retail sales has been V-shaped, with sales in June and July, rebounding and surpassing February's pre-pandemic levels. Statistics Canada also provided an early estimate of August's retail sales of a 1.1% gain.

Retail Sales MoM in Canada averaged 0.39 percent from 1991 until 2020, reaching an all time high of 22.70 percent in June of 2020 and a record low of -24.80 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 September of 2020. source: Statistics Canada

Retail Sales MoM in Canada is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in Canada to stand at 0.70 in 12 months time. In the long-term, the Canada Retail Sales MoM is projected to trend around 0.40 percent in 2021 and 0.30 percent in 2022, according to our econometric models.

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Canada Retail Sales MoM

Actual Previous Highest Lowest Dates Unit Frequency
0.60 22.70 22.70 -24.80 1991 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-19 12:30 PM Apr -26.4% -10% -15.1% -16%
2020-07-21 12:30 PM May 18.7% -25% 20% 19.1%
2020-08-21 12:30 PM Jun 23.7% 21.2% 24.5% 24.5%
2020-09-18 12:30 PM Jul 0.6% 22.7% 1% 0.7%
2020-10-21 12:30 PM Aug 0.6% 1.1%
2020-11-20 01:30 PM Sep 0.5%
2020-12-18 01:30 PM Oct


News Stream
Canada Retail Sales Rise for 3rd Month
Retail sales in Canada rose 0.6 percent over a month earlier in July 2020, following a downwardly revised record 22.7 percent gain in the previous month but below market expectations of a 1 percent increase. Sales were up in 6 of 11 subsectors, in particular at the motor vehicle & parts dealers subsector (+3.3%) on continued pent-up demand for motor vehicles following pandemic-driven dealership closures in the spring; gasoline stations (6.1%) on the back of higher gasoline prices, the continued reopening of the economy, and more Canadians travelling and buying locally; and clothing & clothing accessories stores (11.2%). Meanwhile, sales fell at food & beverage stores (-2.1%); general merchandise (-0.4%) and sporting goods, hobby and music (-8.8%). Overall, the recovery in retail sales has been V-shaped, with sales in June and July, rebounding and surpassing February's pre-pandemic levels. Statistics Canada also provided an early estimate of August's retail sales of a 1.1% gain.
2020-09-18
Canada Retail Sales Continue to Recover in June
Retail sales in Canada jumped 23.7 percent over a month earlier in June 2020, following an upwardly revised 21.2 percent rise in the previous month and recovering further from April's record 24.9 percent plunge, but below market expectations of a 24.5 percent gain. It was the largest rise in retail trade since series began, as more regions moved ahead with plans to reopen their economies. Sales increased in all subsectors, led by motor vehicle & parts dealers (53.4%) and clothing & clothing accessories stores (142.3%). Also, sales went up at gasoline stations (26.3%); health & personal care stores (11.7%); general merchandise (8.6 percent); electronics & appliance (4.4%); and food & beverage (1.5%). Sales were up in every province in June, with eight provinces rebounding to their pre-pandemic February levels. On a quarterly basis, retail trade slumped 13.3% compared with the prior quarter. Statistics Canada also provided a July's retail sales advance estimate of a 0.7% gain.
2020-08-21
Canada Retail Sales Recover at Record Pace
Retail sales in Canada jumped 18.7 percent over a month earlier in May 2020, rebounding from a downwardly revised record 25 percent slump in the previous month, but below market expectations of a 20 percent gain. It was the largest rise in retail trade since series began, as several businesses resumed operations following coronavirus lockdown restrictions. Sales increased mainly at motor vehicle & parts dealers (66.3%); general merchandise stores (20.4%); clothing & clothing accessories stores (92.6%); sporting goods, hobby, book and music (101.2%); and furniture & home furnishings (58.6%). Also, sales at the pump were up 17.1 percent, after dropping a record 35.4 percent in April. In contrast, sales at food & beverages stores fell 2 percent, following a record 23.2 percent increase in the prior month. Sales were up in every province in May. Year-year, retail trade declined 18.4 percent. Statistics Canada also provided a June's retail sales advance estimate of a 24.5% rise.
2020-07-21
Canada April Retail Sales Shrink at Record Pace
Retail sales in Canada plunged 26.4% over a month earlier in April 2020, after slipping 10% in March, more than market expectations of a 15.1% decline. It was the largest downturn on record, as non-essential retailers remained closed. The biggest declines were reported for sales of clothing & clothing accessories (-84.8%); sporting goods, hobby, book & music (-66.7%) and motor vehicle & parts dealers (-44.3%) and food & beverage stores (-12.7%). Purchases at gasoline stations were down 32.2%, the most on record dragged down by both lower demand and crude oil prices. On the positive note, many retailers started or expanded their online presence and curbside pick-up services in response to the closures, with retail e-commerce growing 56%. On an annual basis, retail sales sank 32.5%, the most on record, following an 8.3% slump in March.
2020-06-19

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.