Canadian Retail Sales Rebound 23.7% In June

Canada’s retail trade is coming back with a vengeance following the coronavirus pandemic as more regions began easing lockdown restrictions across the country. Data released this morning by Statistics Canada identified that retail sales grew to $53.0 million in June, up 23.7% from the May figure of $42.8 billion.

Further, retail sales during the month of June were up 1.3% from that of February’s figures, showing gradual grow from the norm following three month of a pandemic-induced cratering of activity.

Growth was primarily lead by motor vehicle and parts dealers, along with clothing and clothing accessories stores, a result of pent up demand following lockdown requirements. The former saw a 53.4% increase in sales, while the latter increased 142.3%.

Further, sales were up in all sub-sectors, an excellent sign for the economy as a whole. Further, eight provinces in total posted a rebound to pre-pandemic levels, with Ontario and Quebec leading the charge at 33.8% and 23.5% one month increases in sales. Notably, Nova Scotia came in third at 23.4%, with the “cross country average” being skewed to 23.7%, a result of the performance seen in Ontario.

However, retail sales for the second quarter as a whole were down 13.3% compared to the first quarter, simply a result of the timing of lockdowns across the country.

One of the big winners of the pandemic, retail e-commerce sales, saw its portion of sales across the country decline on a monthly basis as more brick and mortar stores resumed operations. Online sales accounted for 5.4% of trade in June, with the segment remaining up 70.4% on a year over year basis.


Information for this briefing was found via Statistics Canada. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

$42 Silver Is Just The Beginning! | Nathan Harte – Avino Silver

Gold Exposes What Money Printing Did to the Middle Class | Luke Norman – US Gold Corp

Gold’s New Paradigm! | Shaun Heinrichs – 1911 Gold

Recommended

Sage Potash Outlines US$502 Million NPV For Flagship Sage Plains Project

Ontario MPP Removed From Caucus After Assault Charges

Related News

Universities Canada Warns of Enrollment Collapse But Won’t Release Specific Numbers

International student enrollment in Canada has plunged far below government targets, with new arrivals projected...

Thursday, August 28, 2025, 08:25:45 AM

Canadian Consumer Confidence Jumps to New Record Amid Reopening Efforts

Consumer confidence among Canadians soared to yet another record last week, as key regions across...

Wednesday, May 26, 2021, 02:19:00 PM

Canada’s Economy Reaches Pre-Pandemic Levels for First Time Ever In November

Canada’s economy continued to expand throughout October and November, and has finally reached pre-pandemic levels...

Sunday, December 26, 2021, 11:44:00 AM

Canada Sees April’s CPI Climb To 6.8% While Price Of Food Climbs 9.7%

Inflation in Canada continues to climb, with StatCan this morning reporting that the Canadian consumer...

Wednesday, May 18, 2022, 09:27:00 AM

Petition to Get Rid of Prime Minister Justin Trudeau May Be the Largest Online Petition Ever in Canada — But Can It Succeed?

A groundswell of discontent is sweeping across Canada as citizens express their frustration with Prime...

Wednesday, December 13, 2023, 12:10:00 PM