Canada retail sales rose 18.7% in May, expected to rise further 24.5% in June

<p>Canada retail sales rose 18.7% mom to CAD 41.8B in May, below expectation of 21.0% mom rise. It’s also insufficient to recover April’s -26.4% mom decline. Additionally, sales were also -20% below February’s pre-pandemic level. Sales were up in 10 out of 11 sub sectors, Motor vehicle and parts dealers, general merchandise stores, as well […]</p>
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