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Canadian retail sales up 1.1% to $70.7-billion in January
Canadian retail sales reached $70.7 billion in January as six of nine subsectors rose, with motor vehicle dealers up 2%, boosting consumer spending and economic growth prospects.
- Statistics Canada said retail sales rose 1.1 to $70.7-billion in January, led by motor vehicle and parts dealers up two per cent.
- Core measures indicate core retail sales excluding gasoline stations and motor vehicles rose 0.9 in January, led by general merchandise retailers, economists said.
- In volume terms, retail sales were up one per cent in January, with sporting goods, hobby, musical instrument, book and miscellaneous retailers increasing 2.6 per cent while food and beverage retailers, including supermarkets and other grocers, declined 0.6 per cent.
- The agency's early February estimate showed a 0.9 per cent gain, but it may be revised, indicating near-term growth signals, said an economist.
- Given rising pump prices, last year's interest rate cuts and a slight reduction in unemployment since mid-2025 could support spending, but warning signs remain.
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19 Articles
19 Articles
In particular, vehicle dealer sales contributed to the 1.1% increase in retail sales, which reached $70.7 billion in January.
·Montreal, Canada
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Winnipeg Free Press+11 Reposted by 11 other sources
Statistics Canada reports January retail sales up 1.1 per cent to $70.7B
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Coverage Details
Total News Sources19
Leaning Left8Leaning Right0Center5Last UpdatedBias Distribution62% Left
Bias Distribution
- 62% of the sources lean Left
62% Left
L 62%
C 38%
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