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Canadian retail sales up 1.1% to $70.7-billion in January
Retail sales reached $70.7 billion in January, with motor vehicle dealers leading a 1.1% increase amid rising consumer confidence, Statistics Canada reported.
- 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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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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StatCan Report Shows Retail Sales Up 1.1 Per Cent To $70.7B
Retail sales were up 1.1 per cent at $70.7 billion in January, driven by higher sales at motor vehicle and parts dealerships, Statistics Canada says. Sales were up in six of the nine subsectors it tracks, as the motor vehicle and parts dealers subsector posted the largest increase in retail sales in January — up two per cent, the agency said on Mar. 20. Andrew Grantham, senior economist at CIBC, said retail sales appear to be starting the year s…
Coverage Details
Total News Sources18
Leaning Left8Leaning Right0Center5Last UpdatedBias Distribution62% Left
Bias Distribution
- 62% of the sources lean Left
62% Left
L 62%
C 38%
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