Canadian retail sales plunge 0.6% in may, marking steepest decline since March 2023

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  • 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.
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Sources:

tradingeconomics.com/canada/retail-sales

www.investing.com/economic-calendar/retail-sales-260/

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