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Canada Retail Sales Climb After Pullback in December
December retail sales fell 0.4% to $70 billion, driven by motor vehicle and building materials declines; January receipts are estimated to rise 1.5%, Statistics Canada said.
- In December, Statistics Canada reported retail receipts fell 0.4% to $70 billion, with core sales down 0.3% and three of nine subsectors declining.
- Sector breakdowns show that the motor vehicle and parts dealers subsector posted a 1.5% drop, with new and used car dealers down 1.8%, and building material and garden equipment dealers declined four per cent.
- Annual figures show retail sales in 2025 rose 4% versus 1.6% the previous year, while sales volume increased 2.3% after a 0.9% gain and December volumes were unchanged.
- Economists surveyed by Bloomberg expected a 0.5% December decline, while Andrew Grantham, senior economist, Canadian Imperial Bank of Commerce, said more months of data are needed to confirm a sustained uptrend.
- Statistics Canada's early January estimate showed a 1.5% gain, while the Bloomberg Nanos Canadian Confidence Index rose to 53.15 in the week ended Feb. 13.
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Statistics Canada reports December retail sales fell 0.4 per cent to $70B
Retail sales fell 0.4 per cent to $70 billion in December as sales at new and used car dealers dropped, Statistics Canada said Friday. However, the agency said its early estimate for January pointed to a gain of 1.5 per cent, though it cautioned the figure would be revised. BMO senior economist Shel...
·Kelowna, Canada
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Retail sales declined in December to $70 billion, due to lower sales by auto dealers.
·Montreal, Canada
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Retail sales declined by 0.4% in December to $70 billion due to lower sales of new and second-hand car dealers, according to Statistics Canada on Friday.
·Montreal, Canada
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Coverage Details
Total News Sources17
Leaning Left5Leaning Right1Center5Last UpdatedBias Distribution46% Left, 45% Center
Bias Distribution
- 46% of the sources lean Left, 45% of the sources are Center
46% Left
L 46%
C 45%
Factuality
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