Retail sales in Canada are expected to have remained unchanged from the previous month in November 2024, according to a flash estimate, following the 0.6% increase in October, which was revised downward from the preliminary estimate of 0.7%. The October gain was driven by higher turnover in motor vehicle and parts dealers (2.0%), led by strong growth at new car dealers (2.5%) and used car dealers (2.5%). Additionally, furniture retailers (2.3%), health and personal care retailers (0.8%), and apparel and accessories retailers (1.2%) also saw higher turnover. Meanwhile, turnover was lower at gasoline stations and fuel vendors (-0.5%), marking the sixth consecutive monthly decline, and at food and beverage retailers (-0.7%) due to lower sales at supermarkets (-0.9%) and liquor retailers (-0.4%). From the previous year, retail sales were 1.5% higher. source: Statistics Canada

Retail Sales in Canada increased 0.60 percent in October of 2024 over the previous month. Retail Sales MoM in Canada averaged 0.39 percent from 1991 until 2024, reaching an all time high of 24.00 percent in May of 2020 and a record low of -23.60 percent in April of 2020. This page provides - Canada Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

Retail Sales in Canada increased 0.60 percent in October of 2024 over the previous month. Retail Sales MoM in Canada is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Retail Sales MoM is projected to trend around 0.40 percent in 2025 and 0.20 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-22 01:30 PM
Retail Sales MoM
Sep 0.4% 0.4% 0.4% 0.3%
2024-12-20 01:30 PM
Retail Sales MoM
Oct 0.6% 0.6% 0.7% 0.7%
2025-01-23 01:30 PM
Retail Sales MoM
Nov 0.6% 0.0%


Related Last Previous Unit Reference
Consumer Credit 776638.00 774608.00 CAD Million Oct 2024
Consumer Spending 1371495.00 1359823.00 CAD Million Sep 2024
Disposable Personal Income 1729048.00 1690764.00 CAD Million Sep 2024
Households Debt to GDP 101.89 101.56 percent of GDP Jun 2024
Households Debt to Income 174.40 175.40 percent Sep 2024
Personal Savings 7.10 6.20 percent Sep 2024
Retail Sales Ex Autos MoM 0.10 1.10 percent Oct 2024
Retail Sales MoM 0.00 0.60 percent Nov 2024
Retail Sales YoY 1.50 0.80 percent Oct 2024

Canada Retail Sales MoM
In Canada, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Canada, Retail sales are seasonal, volatile and relatively important to the overall economy.
Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.60 24.00 -23.60 1991 - 2024 percent Monthly
Current Prices, SA


News Stream
Canadian Retail Sales Flat in November
Retail sales in Canada are expected to have remained unchanged from the previous month in November 2024, according to a flash estimate, following the 0.6% increase in October, which was revised downward from the preliminary estimate of 0.7%. The October gain was driven by higher turnover in motor vehicle and parts dealers (2.0%), led by strong growth at new car dealers (2.5%) and used car dealers (2.5%). Additionally, furniture retailers (2.3%), health and personal care retailers (0.8%), and apparel and accessories retailers (1.2%) also saw higher turnover. Meanwhile, turnover was lower at gasoline stations and fuel vendors (-0.5%), marking the sixth consecutive monthly decline, and at food and beverage retailers (-0.7%) due to lower sales at supermarkets (-0.9%) and liquor retailers (-0.4%). From the previous year, retail sales were 1.5% higher.
2024-12-20
Canada Retail Sales Rises Strongly For 4th Month
Retail sales in Canada are expected to have surged by 0.7% from the previous month in October of 2024, according to a flash estimate. This would mark the fourth consecutive expansion in retail turnover, extending the 0.4% increase in September, which was revised upward from the preliminary estimate of 0.3%. The increase was owed to higher turnover in sales in multiple industries, with sharp growth in food and beverage retailers (3%), furniture retailers (0.4%), general merchandise retailers (0.8%), and health and personal care retailers (0.5%). In turn, turnover was lower in gasoline stations and fuel vendors (-2.3%) as lower oil benchmarks lowered the cost of fuel. Sales were also lower in motor vehicle and parts dealers (-0.7%). From the previous year, retail sales were 0.8% higher.
2024-11-22
Canadian Retail Sales Set to Expand for 3rd Month
Retail sales in Canada are projected to have increased by 0.4% from the previous month in September of 2024, according to a flash estimate. This would mark the third consecutive expansion in retail sales turnover, extending the 0.4% increase in August, which was revised downward from the flash estimate of 0.5%. The rise in August was supported by higher turnover in motor vehicles and parts dealers (3.5%), carried by sales in new car dealers (4.3%), in addition to clothing stores (0.8%), and sporting goods stores (0.9%). These were enough to offset lower sales in fuel vendors (-2.7%), food and beverage retailers (-1.5%), and furniture stores (-1.4%). In volume terms, retail sales were 0.7% higher from the earlier month in August. From the previous year, retail turnover expanded by 1.4%.
2024-10-25