Jeffrey Qián 錢 曄 // 778-238-2014 // info@jeffreyqian.com

Canadian Retail Sales

Canadian retail sales bounced back from a decline in March to post 0.9 per cent growth in April.  Sales were higher in 7 of 11 subsectors with the largest contribution coming from gasoline stations due to higher prices at the pump. With today's release, first quarter real GDP growth in Canada is tracking at under 1 per cent, largely due to the negative impact of wildfires in Alberta. 

BC reported the largest gain among all provinces in April with retail sales rising 2.4 per cent from March. On a year-over-year basis, retail sales were almost 8 per cent higher. Strong consumer demand is a major reason the BC economy is performing so well in 2016, with economic growth tracking at 3.5 per cent for the first five months of the year. 

Comments:
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.