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.

Retail Sales MoM in Canada averaged 0.31 percent from 1991 until 2020, reaching an all time high of 18.70 percent in May of 2020 and a record low of -25 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 August 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
18.70 -25.00 18.70 -25.00 1991 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-21 12:30 PM Feb 0.3% 0.6% 0.2% 0.1%
2020-05-22 12:30 PM Mar -10% 0.4% -10% -9%
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 18.7% 24.5% 24.5%
2020-09-18 12:30 PM Jul 1.1%
2020-10-21 12:30 PM Aug 0.5%
2020-11-20 01:30 PM Sep 0.3%


News Stream
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 Fall at Record Pace
Retail sales in Canada plunged 10 percent over a month earlier in March 2020, after rising an upwardly revised 0.4 percent in February and matching market forecasts. It was the largest drop in retail trade on record, amid business closures due to the covid-19 pandemic. Sales declined mainly at motor vehicle and parts dealers (-35.6%), namely new car dealers (-38.5%); clothing & clothing accessories stores (-51.3%); and gasoline stations (-19.8%, the largest decline on record) as crude oil prices slumped due to a global oil supply glut and lower demand due to the coronavirus outbreak. In contrast, sales of food & beverage (22.8%) and general merchandise (6.4%) rose to their highest level on record and posted their largest monthly gain since the beginning of the series. Year-year, retail trade went down 8.4%. Statistics Canada also provided an April's retail sales advance estimate of a 15.6% fall.
2020-05-22
Canada Retail Sales Rise More than Expected
Retail sales in Canada increased 0.3 percent over a month earlier in February 2020, easing from an upwardly revised 0.6 percent gain in the previous month but beating market expectations of a 0.2 percent rise. It was the fourth consecutive increase in retail trade, driven by sales at motor vehicle and parts dealers (1.1 percent); general merchandise stores (1.4 percent, the largest rise since June); and gasoline stations (0.6 percent). On the other hand, sales dropped at food and beverage stores (-1 percent); electronics and appliances (-0.5 percent); and clothing and clothing accessories (-1.3 percent). February's sales were affected by rail blockades and the onset of the coronavirus pandemic in Canada. Year-year, retail trade went up 3 percent, slowing from an upwardly revised 3.7 percent rise.
2020-04-21

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.