European Investor
20 Jun 2026, 09:30
Canadian Retail Sales Rise as Consumer Spending Remains Resilient
Canadian retail sales increased 1.0% month-over-month in May, accelerating from April's 0.6% gain and pointing to stronger consumer spending momentum.
However, underlying trends were less robust. Core retail sales, which exclude certain volatile categories, rose just 0.1% in April, well below economists' expectations of 0.8% and slowing sharply from the previous month's 1.2% increase.
Canadian retail sales increased 1.0% month-over-month in May, accelerating from April's 0.6% gain and pointing to stronger consumer spending momentum.
However, underlying trends were less robust. Core retail sales, which exclude certain volatile categories, rose just 0.1% in April, well below economists' expectations of 0.8% and slowing sharply from the previous month's 1.2% increase.