Statistics Canada says retail sales fell 0.4 per cent to $69.3B in February
- Retail sales in Canada fell 0.4 percent to $69.3 billion in February, according to Statistics Canada.
- Sales at new car dealers dropped 3 percent, contributing to the overall decline in February, as reported by Statistics Canada.
- Core retail sales rose 0.5 percent, fueled by a 3.7 percent increase in sales at supermarkets, noted by Statistics Canada.
- TD Bank economist Maria Solovieva indicated that increases in March are likely to be short-lived due to consumer wariness amid tariff fears.
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16 Articles
Statistics Canada Says Retail Sales Fell 0.4 Percent to $69.3B in February
Retail sales dropped 0.4 percent to $69.3 billion in February as sales fell at new car dealers, Statistics Canada said Friday. However, the agency said its early estimate for March suggested an increase of 0.7 percent for that month, though it cautioned the figure would be revised. TD Bank economist Maria Solovieva said the bounce back in March was driven by Canadians pulling forward major purchases and stockpiling non-discretionary items ahead …

Statistics Canada says retail sales fell 0.4 per cent to $69.3B in February
Breaking News, Sports, Manitoba, Canada
Canada retail sales fall -0.4% mom in Feb, but core spending offers rebound hopes - Action Forex
Canadian retail sales declined by -0.4% mom to CAD 69.3B in February, in line with market expectations. The overall weakness was driven primarily by a -2.6%mom drop in motor vehicle and parts dealers, with all four store categories in the subsector posting declines. However, beneath the surface, the data showed encouraging signs. Core retail sales—which […] The post Canada retail sales fall -0.4% mom in Feb, but core spending offers rebound hope…
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