Retail sales in Canada advanced 4.8% from a month earlier in February of 2021, above market expectations of a 4% rise. It was the first increase in three months and the steepest since last June. Sales increased in 9 of 11 subsectors, led by higher sales at motor-vehicle and parts dealers (5%) and gasoline stations (12.3%). Meanwhile, sales decreased for food & beverages (-1.4%) and health & personal care (-0.8%). Core retail sales which exclude gasoline stations and motor vehicle and parts dealers rose for the first time in three months, increasing 3.8% on higher sales at general merchandise stores (6.1%) and at clothing and clothing accessories stores (23.7%). Preliminary figures for March suggest retail sales rose 2.3%. source: Statistics Canada

Retail Sales MoM in Canada averaged 0.39 percent from 1991 until 2021, 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 2021.

Retail Sales MoM in Canada is expected to be 0.70 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 0.40 in 12 months time. In the long-term, the Canada Retail Sales MoM is projected to trend around 0.40 percent in 2022 and 0.30 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Canada Retail Sales MoM

Actual Previous Highest Lowest Dates Unit Frequency
4.80 -1.10 23.50 -24.90 1991 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-22 01:30 PM Nov 1.3% 0.4% 0.1% 0.1%
2021-02-19 01:30 PM Dec -3.4% 1.3% -2.5% -2.6%
2021-03-19 12:30 PM Jan -1.1% -3.4% -3% -3.3%
2021-04-28 12:30 PM Feb 4.8% -1.1% 4% 4%
2021-05-21 12:30 PM Mar 4.8% 1.5%
2021-06-23 12:30 PM Apr
2021-07-23 12:30 PM May
2021-08-20 12:30 PM Jun


News Stream
Canada Retail Sales Growth Beat Forecasts
Retail sales in Canada advanced 4.8% from a month earlier in February of 2021, above market expectations of a 4% rise. It was the first increase in three months and the steepest since last June. Sales increased in 9 of 11 subsectors, led by higher sales at motor-vehicle and parts dealers (5%) and gasoline stations (12.3%). Meanwhile, sales decreased for food & beverages (-1.4%) and health & personal care (-0.8%). Core retail sales which exclude gasoline stations and motor vehicle and parts dealers rose for the first time in three months, increasing 3.8% on higher sales at general merchandise stores (6.1%) and at clothing and clothing accessories stores (23.7%). Preliminary figures for March suggest retail sales rose 2.3%.
2021-04-28
Canada Retail Sales Shrink Less than Expected
Retail sales in Canada dropped 1.1 percent month-over-month in January of 2021, less than market forecasts of a 3 percent decline. Still, it marks the second consecutive month of falls in retail sales as the resurgence of COVID-19 cases led to the reintroduction of physical distancing measures, which directly affected the retail sector. Approximately 14% of retailers were closed at some point in January for an average of three business days. Sales at motor vehicle and parts dealers contracted 1 percent. Core retail sales which exclude gasoline stations and motor vehicle and parts dealers also posted their second consecutive decline, falling 1.4 percent because of lower sales at clothing and clothing accessories stores, furniture and home furnishings stores, and sporting goods, hobby, book and music stores. In contrast, sales at gasoline stations rose 0.9 percent.
2021-03-19
Canada Retail Sales Fall More than Expected
Retail sales in Canada fell 3.4 percent month-over-month in December of 2020, the first decline since a record 24.8% slump in April and worse than market forecasts of a 2.5 percent decline. With the resurgence of COVID-19 cases in Canada, provincial governments began to reintroduce physical distancing measures, which directly affected the retail sector. Approximately 15 percent of retailers were closed during December. Core retail sales which exclude sales by gasoline stations and motor vehicle and parts dealers were down 4.6 percent. Canadian retailers finished 2020 with $606 billion in sales, down 1.4% from 2019. This was the largest annual decline since the 2009 recession. Preliminary figures for January suggest retail sales went down 3.3 percent.
2021-02-19
Canada Retail Sales Surprise on the Upside
Retail sales in Canada jumped 1.3 percent month-over-month in November of 2020, beating market forecasts of 0.1 percent. It is the 7th consecutive monthly gain, led by higher sales at food and beverage stores (5.9 percent), along with an uptick in e-commerce sales (2.7 percent). On the other hand, sales at motor vehicle and parts dealers (-0.9 percent) declined for the first time since April. Core retail sales which exclude gasoline stations and motor vehicle and parts dealers rose 2.6 percent. Advance estimates for December showed retail sales declined 2.6 percent.
2021-01-22

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.