Retail sales in Canada likely increased by 1.4 percent month-over-month in March of 2022, preliminary estimates showed. Considering February, retail sales rose 0.1 percent over a month earlier, compared to preliminary estimates of a 0.5 percent decrease and an upwardly revised 3.3 percent gain from the previous month. Sales were up in 6 of the 11 subsectors, with main upward pressure coming from clothing and clothing accessories stores (15.1 percent), largely due to rebounds in clothing stores (19.1 percent) and shoe stores (12.4 percent). At the same time, sales also picked up in gasoline stations (6.2 percent), lifted by a 6.9 percent increase in gasoline prices amid supply chain uncertainty due to geopolitical concerns in Ukraine. On the other hand, sales in motor vehicle and parts dealers decreased by 5.1 percent. On an annual basis, retail trade was up 7.4 percent in February. source: Statistics Canada

Retail Sales MoM in Canada averaged 0.40 percent from 1991 until 2022, 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 May of 2022.

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. 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



Calendar GMT Actual Previous Consensus TEForecast
2022-03-18 12:30 PM Jan 3.2% -2.0% 2.4% 2.4%
2022-04-22 12:30 PM Feb 0.1% 3.3% -0.4% 0.4%
2022-05-26 12:30 PM Mar 0.1% 1.4%


Related Last Previous Unit Reference
Retail Sales MoM 0.10 3.30 percent Feb 2022
Retail Sales YoY 7.40 14.50 percent Feb 2022
Retail Sales Ex Autos 2.10 2.90 percent Feb 2022
Consumer Spending 1195840.00 1192886.00 CAD Million Dec 2021
Disposable Personal Income 1425156.00 1471864.00 CAD Million Dec 2021
Personal Savings 6.40 11.00 percent Dec 2021
Consumer Credit 704827.00 700037.00 CAD Million Feb 2022
Private Sector Credit 4638279.00 4618799.00 CAD Million Sep 2020
Households Debt To Income 179.47 177.31 percent Dec 2021
Households Debt To GDP 107.91 109.41 percent of GDP Dec 2021

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
0.10 3.30 23.50 -24.90 1991 - 2022 percent Monthly

News Stream
Canada Retail Sales Seen Higher in March
Retail sales in Canada likely increased by 1.4 percent month-over-month in March of 2022, preliminary estimates showed. Considering February, retail sales rose 0.1 percent over a month earlier, compared to preliminary estimates of a 0.5 percent decrease and an upwardly revised 3.3 percent gain from the previous month. Sales were up in 6 of the 11 subsectors, with main upward pressure coming from clothing and clothing accessories stores (15.1 percent), largely due to rebounds in clothing stores (19.1 percent) and shoe stores (12.4 percent). At the same time, sales also picked up in gasoline stations (6.2 percent), lifted by a 6.9 percent increase in gasoline prices amid supply chain uncertainty due to geopolitical concerns in Ukraine. On the other hand, sales in motor vehicle and parts dealers decreased by 5.1 percent. On an annual basis, retail trade was up 7.4 percent in February.
2022-04-22
Canada Retail Sales Seen Lower in February
Retail sales in Canada likely declined by 0.5 percent month-over-month in February of 2022, preliminary estimates showed. Considering January, retail sales rose 3.2 percent over a month earlier, beating preliminary estimates of a 2.4 percent increase and compared to an upwardly revised 2.0 percent fall in December. Sales were up in 9 of the 11 subsectors, with main upward pressure from motor vehicles and parts dealers (5.3 percent) amid a rebound in sales at new car dealers. Significant contributions also came from higher sales at food and beverage stores (2.2 percent); general merchandise stores (2.9 percent); and at health and personal care shops (0.8 percent). In major Canadian provinces, gains were led by British Columbia (4.0 percent), followed by Quebec (3.9 percent), and Ontario at last (3.1 percent). On an annual basis, retail trade was up 12.0% percent in January, up from an upwardly revised 8.7 percent climb in December.
2022-03-18
Canada Retail Sales Set to Rebound in January
Retail sales in Canada likely rose 2.4 percent month-over-month in January of 2022, preliminary estimates showed. Considering December, retail sales decreased 1.8 percent over a month earlier, compared to an upwardly revised 0.8 percent increase in November and below preliminary estimates of a 2.1 percent decrease. Sales were down in 8 of the 11 subsectors, particularly in furniture and home furnishings stores (-11.3 percent), clothing and clothing accessories stores (-9.5 percent), and food and beverage stores (-0.7 percent). Across major Canadian provinces, losses took place in British Columbia (-1.4 percent), largely due to severe flooding in the area that affected 15% of respondents, while retail activity also dropped in Ontario (-1.8 percent). On the year, retail trade was up 8.6 percent in December, picking up from a 4.4 percent increase in November. Considering full 2021, retail sales increased by 11.6 percent.
2022-02-18