- Retail Sales Drop: Canadian retail sales fell by 0.6% month-over-month in May 2024.
- Significance: This is the steepest decline since March 2023.
- Sectors Affected: The decline was broad-based, with significant drops in motor vehicle and parts dealers, as well as food and beverage stores.
Canada Retail Sales MoMt.co/GdtudPR4lq pic.twitter.com/yuTPJkv6sm
— TRADING ECONOMICS (@tEconomics) July 19, 2024
Sources:
tradingeconomics.com/canada/retail-sales
www.investing.com/economic-calendar/retail-sales-260/
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