Gauges sales at Canadian retail outlets. The report serves as a direct gauge of consumption and consumer confidence. Retail Trade is one an important leading indicator for Canada and part of the Index of Leading Indicator used to forecast economic developments. An increasing number of sales can signal consumer confidence and growth to come, but higher consumption can also lead to inflationary pressures.
The report considers sales for nine categories of retailers: automotive, furniture and electronics, building supplies, food and beverages, pharmaceuticals, clothing and accessories, general merchandise, and miscellaneous.
Relevance : Tends to move markets on release
Release Schedule : Released mid-month at 8:30AM Eastern Time
Revision Schedule: Monthly (with the next report)
Source of Report : Statistics Canada
Web Address : http://www.statcan.ca/start.html
Address of Release : http://www.statcan.ca/english/Release/index.htm
Refer current year > Retail trade
AKA: Retail Trade
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