HomeLive CommentsCanada retail sales dropped -26.4% in April, ex-auto sales dropped -22.0%

Canada retail sales dropped -26.4% in April, ex-auto sales dropped -22.0%

ActionForex
By ActionForex

Canada retail sales dropped -26.4% mom in April to CAD 34.7B, well worse than expectation of -14.0% mom. Ex-auto sales dropped -22.0% mom, versus expectation of -7.3% mom. Retail sales were down in every sub sector in for the first time in 27 years since May 1993. Motor vehicle and parts dealers sub sector dropped -44.3%, contributing the most to the sales declines.

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