In February 2024, Canadian retail sales slightly rebounded by 0.1% after a 0.3% drop in January.
In February 2024, Canadian retail sales experienced a slight rebound, with receipts for retailers rising 0.1%, following a 0.3% drop in January. This indicates a dwindling momentum in consumer spending. In volume terms, retail sales increased by 0.2% in February. The January decline was mainly attributed to lower sales at car and parts dealers, as well as food and beverage retailers and clothing stores.
March 22, 2024
17 Articles