How did Canadian Retail do in July?

Many Accelerated Analytics customers use our portal to get their Canadian retailers’ reporting, such as Nordstrom, Sephora, The Home Depot, Lowe’s and Canadian Tire. Canadian sales in July were mixed. The value of retail sales rose 0.4% to $39.82 billion (US dollars conversion). Year-over-year, nominal retail sales rose 7.8%. The retail segment (excluding auto) rose by 0.2% in July. The Canadian economy saw a decline in July after 12 strong months of growth, but mostly attributed to exports and factory shipments. Those declines were offset by retail growth being added to the equation. Six of eleven retail sectors saw increases, including auto, food and beverage, and health and personal care. Building materials and garden equipment were slightly done, by 0.2% in dollar sales.

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