• Canadian retail sales rose 1.5% to $49.9 billion in October

Market news

21 December 2017

Canadian retail sales rose 1.5% to $49.9 billion in October

Higher sales at new car dealers were the main contributor to the gain. Excluding sales at motor vehicle and parts dealers, retail sales increased 0.8%.

Sales were up in 7 of 11 subsectors, representing 79% of retail trade.

After removing the effects of price changes, retail sales in volume terms increased 1.4%.

Motor vehicle and parts dealers (+3.3%) recorded the largest gain in dollar terms across all subsectors. The increase was largely attributable to higher sales at new car dealers (+3.9%). Used car dealers (+1.7%) and automotive parts, accessories and tire stores (+1.2%) also posted higher sales. Sales at other motor vehicle dealers (-0.3%) were down for the third time in four months.

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