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Statistics Canada Reports Retail Sales Down 0.7 per Cent in July at $73.7B
Core retail sales also fell 0.7% as Statistics Canada said an early August estimate pointed to a 1.3% gain, subject to revision.
- Statistics Canada reported retail sales fell 0.7 per cent to $73.7 billion in July as general merchandise retailers slowed during the month.
- General merchandise retailers fell 1.9 per cent in July following a 2.5 per cent increase in June, while clothing and accessories retailers declined 1.2 per cent.
- In volume terms, retail sales fell 1.1 per cent, and core retail sales excluding fuel and auto sectors declined 0.7 per cent in July.
- Statistics Canada's early estimate for August pointed to a gain of 1.3 per cent, though the agency cautioned the figure would be revised.
- Confirmation of retail momentum hinges on Statistics Canada's revised August data, as preliminary figures await final updates before economic trends clarify.
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15 Articles
15 Articles
In July, retail sales of miscellaneous goods fell by 1.9%.
·Montreal, Canada
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Canadian retail sales drop for the first time in almost a year
Canadian consumers pulled back on spending in July, a slowdown after stronger sales during the first half of the year. Retail sales fell by 0.7 per cent monthly to $73.7 billion in July, the first drop since December 2025, according to data from Statistics Canada published on Thursday morning.…
Coverage Details
Total News Sources15
Leaning Left5Leaning Right0Center4Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
C 44%
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