Retail sales in Canada advanced 3.6 percent year-on-year in August 2018, after an downwardly revised 3.5 percent increase in July. Retail Sales YoY in Canada averaged 4.55 percent from 1992 until 2018, reaching an all time high of 10.50 percent in December of 1997 and a record low of -6.50 percent in December of 2008.
Retail Sales YoY in Canada is expected to be 4.03 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Canada to stand at 4.41 in 12 months time. In the long-term, the Canada Retail Sales YoY is projected to trend around 4.51 percent in 2020, according to our econometric models.