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Updated · Hardlines · Jul 23Canada Retail Sales Rise 1.0% to $73.7 Billion in May as Core Sales Gain 0.9%
3 articles · Updated · Hardlines · Jul 23Summary
- $73.7 billion in retail sales marked a 1.0% monthly increase in May, with Statistics Canada reporting gains across all nine subsectors.
- Gasoline stations and fuel vendors led the advance, while core retail sales—excluding fuel and motor vehicles and parts—still rose a solid 0.9%.
- Volume sales increased 0.3%, indicating part of the headline gain reflected higher prices rather than purely stronger purchasing activity.
Insights
Why is a 1% retail sales jump actually bad news for most Canadians? As Canada's retail middle-class vanishes, who are the real winners and losers?