HomeLive CommentsCanada retail sales flat in Mar, auto and parts contracted sharply

Canada retail sales flat in Mar, auto and parts contracted sharply

ActionForex
By ActionForex

Canada retail sales was flat mom in March, worse than expectation of 1.5% mom rise. Sales were up in 10 of 11 subsectors, led by gasoline (up 7.4%). However, sales at motor vehicle and parts dealers (-6.4%) erased the gains observed in the remaining subsectors.

For Q1 as a whole, sales were up 3.0%, largest quarterly rise since Q3 of 2020. Preliminary data indicates sales rose 0.8% mom in April.

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