Canada January retail sales -0.3% vs -0.4% expected

  • Canadian January 2024 retail sales data
Canada basket retail sales
  • Prior month +1.4%
  • The January advance estimate was -0.6%
  • Ex autos +0.5% vs -0.4% expected
  • Prior month ex auto +0.6%
  • Ex auto and gas +0.4%
  • Sales were up in 6 of 9 subsectors
  • Advance February retail sales +0.1%
  • Full report

There was a large decrease in motor vehicle and parts dealers (-2.4%), which recorded their first decline in five months. Otherwise, this is a surprising show of strength from Canadian consumers and USD/CAD has ticked lower.

canada retail details
Canada retail sales
Canada retail sales ex autos
Canada retail sales ex autos

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