Canadian Retail Sales (March 2021) - May 21, 2021
Canadian retail sales increased 3.6% m/m on a seasonally adjusted basis in March. Sales were higher in 10 of 11 sub-sectors, led by higher sales at garden equipment and building stores. Excluding more volatile sectors like motor vehicles and gasoline sales, retail sales were up 4.7% in February. Statistics Canada also released a preliminary estimate for April showing retail sales declined 5.1% as enhanced "circuit-breaker" measures were implemented in many provinces to stem the third wave of COVID-19.
In BC, seasonally-adjusted retail sales were down 1.1% m/m as COVID-19 cases surged through the month of March. Retail sales fell 2% m/m in Metro Vancouver. On a non-seasonally adjusted