Retail sales in Canada unexpectedly shrank 0.5 percent on the month in December of 2016, following an upwardly revised 0.3 percent gain in November and compared to market expectations of a 0.1 percent increase. It is the first fall in five months, mainly due to a 0.9 percent decline in sales at motor vehicle and parts dealers, namely new cars. In addition, sales at food and beverage stores dropped 0.4 percent, mainly due to beer, wine and liquor. In contrast, sales at gasoline stations rose 6.6 percent, largely reflecting higher prices at the pump. Year-on-year, retail sales increased 4.3 percent, higher than a downwardly revised 2.7 percent rise in November. Considering full 2016, retail sales went up 3.7 percent to CAD 532 billion. The increase was partially attributable to higher prices, as sales in volume terms were up 2.5 percent. Ontario led the way, increasing 4.7 percent in 2016, while sales declined in Alberta. Retail Sales MoM in Canada averaged 0.36 percent from 1991 until 2016, reaching an all time high of 3.70 percent in December of 1997 and a record low of -4.50 percent in January of 1998.
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In Canada, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Canada, Retail sales are seasonal, volatile and relatively important to the overall economy. This page provides – Canada Retail Sales MoM – actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Retail Sales MoM – actual data, historical chart and calendar of releases – was last updated on February of 2017.