Canadá Vendas no Varejo (mensal)

Retail sales in Canada are projected to have jumped by 0.5% from the previous month in August of 2024, according to a flash estimate. This would extend the 0.9% surge in retail turnover from July, which was revised higher from the flash estimate of a 0.6% increase, rebounding from the 0.2% drop in June. July’s surge was the sharpest expansion in Canadian retail turnover since April 2023, challenging the growing calls for aggressive rate cuts by the Bank of Canada. Higher retail was supported by increased demand in motor vehicles and parts dealers (2.2%), food and beverage retailers (0.6%), general merchandise retailers (0.8%), and health and personal care retailers (1.2%). Additionally, aggregate retail volumes were 1% higher from the earlier month, underscoring the rebound in demand. From the previous year, retail turnover was 0.9% higher in July.