TORONTO ― Canadian retail sales rose 5.5% in Q1 from a year ago, the strongest quarter in six years, notes retail consultant Ed Strapagiel. The jump in the three-month growth trend can only partly be explained by the difference in the date of Easter (in March this year, but April in 2015) and the extra day in February, he writes, as gains were broadly distributed across sectors including home improvement, drug stores, and new car dealerships. The store merchandise sector rose 6.4%, again with large gains in several store types, including a 10.7% spike in building material and garden equipment stores.
Canadian retail sees strong Q1
Most Recent
Most Read
Canfor announces earnings, acquisition
Thu, May 02nd, 2024
Two more retailers to showcase Quebec-made products
Thu, May 02nd, 2024
Throwback Thursday: “Canadians are ready to start spending again,” we reported ten years ago
Thu, May 02nd, 2024
RONA stores raise money in May to support communities
Thu, May 02nd, 2024
AD Canada garners recognition as great place to work
Thu, May 02nd, 2024
AQMAT unveils its “Family Portrait” of the industry in Quebec
Wed, May 01st, 2024
Is the honeymoon ending for self-checkout?
Wed, May 01st, 2024
Amazon announces first quarter results, triples profits
Wed, May 01st, 2024
Peavey marks grand opening in Manitoba
Tue, April 30th, 2024
Hiring in Ontario? Legislation around job postings has changed
Tue, April 30th, 2024