Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Canada March retail sales down 1.4% on autos, seen up 0.2% in April

Published 05/19/2023, 08:38 AM
Updated 05/19/2023, 08:40 AM
© Reuters. FILE PHOTO: People shop at the Eaton Centre in Toronto, Ontario, Canada November 22, 2022.  REUTERS/Carlos Osorio

May 19 (Reuters) - Canadian retail sales fell by 1.4% in March from February at C$65.29 billion ($48.83 billion), on lower sales at motor vehicles and parts dealers, as well as gasoline stations, Statistics Canada said on Friday. Sales were seen to rise by 0.2% in April, the agency said in a flash estimate.

Sales were down in five of nine subsectors, representing 55.5% of retail trade. In volume terms, retail sales decreased 1.0%.

(Percent changes) Mar Mar Feb(rev) Feb(prev)

mo/mo yr/yr mo/mo mo/mo

Total -1.4 +2.4 -0.2 -0.2

Excluding autos/parts -0.3 +0.5 -0.7 -0.7

NOTE: Analysts surveyed by Reuters forecast a 1.4% decline in retail sales in March from February. All figures are seasonally adjusted.

© Reuters. FILE PHOTO: People shop at the Eaton Centre in Toronto, Ontario, Canada November 22, 2022.  REUTERS/Carlos Osorio

($1=$1.3372 Canadian)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.