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.

Retail Sales MoM in Canada averaged 0.33 percent from 1991 until 2020, reaching an all time high of 3.70 percent in December of 1997 and a record low of -10 percent in March 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 June of 2020. source: Statistics Canada

Retail Sales MoM in Canada is expected to be -2.00 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 0.50 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
-10.00 0.40 3.70 -10.00 1991 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-21 01:30 PM Dec 0% 1.1% 0.1% 0.2%
2020-03-20 12:30 PM Jan 0.4% 0.2% 0.3% 0.2%
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 -10% -16%
2020-07-21 12:30 PM May -6.5%
2020-08-21 12:30 PM Jun -2%
2020-09-18 12:30 PM Jul -1.1%


News Stream
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 Rise More than Expected
Retail sales in Canada rose 0.4 percent over a month earlier in January 2020, following an upwardly revised 0.2 percent in the previous month and beating market expectations of a 0.3 percent gain. Sales at motor vehicle and parts dealers (1.8 percent), led by new car dealers (1.5 percent, the second-highest level on record; and gasoline stations (1.5 percent) rebounded. Meanwhile, sales at building material and garden equipment and supplies dealers decreased 1.6 percent, after rising 4.1 percent December. Year-year, retail trade advanced 3.4 percent, following an upwardly revised 2.6 percent rise. Canada’s national statistical office said that the impact of the coronavirus on the retail trade sector will be more noticeable in the next months, and added that respondent comments for February note that business activities have already been impacted.
2020-03-20
Canada Retail Sales Unchanged in December
Retail sales in Canada were unchanged in December 2019, following an upwardly revised 1.1 percent gain in the previous month and slightly below market expectations of a 0.1 percent rise. Higher sales at building material and garden equipment and supplies dealers (+3.8 percent); food and beverage stores (+0.5 percent), led by supermarkets and other grocery stores (+0.3 percent); and health and personal care (+1.4 percent) were offset by lower receipts at motor vehicle and parts dealers (-1.3 percent), namely other motor vehicle dealers (-7.7 percent); and gasoline stations (-2.3 percent). On a quarterly basis, retail sales fell 0.2 percent in Q4, after rising 0.3 percent in the prior period. Year-on-year, retail trade increased 2.4 percent, following an upwardly revised 2.2 percent increase in November. Considering 2019 as a whole, retail sales went up 1.6 percent compared to 2018, the smallest rise since 2009 when Canada was in the midst of an economic downturn.
2020-02-21

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.