Canadian Retail Industry Sees Growth in March

By Bizclik Editor


Statistics Canada announced Wednesday retail sales figures for Canada in the month of March. Offsetting a slow February, the retail industry saw a small rebound mainly due to improved weather, especially in Ontario.

Of 11 subsectors, seven reported sales gains that represented 56 per cent of total retail sales.

 In motor vehicle and parts, dealers reported a 1.2 per cent increase in sales in March. This was due to Canadians purchasing new cars as well as used with a 0.7 per cent increase and 7.7 per cent respective increase leading the gain. On the other hand, other motor vehicle dealers saw a decline in sales; those included were recreational vehicles such as motorcycle and boats.

In March, Canadians went out in their communities, taking advantage of the early warm weather nationwide. This led to increases in sales for spring merchandise such as clothing, footwear, and bicycles as well as lawn and garden products.  Other purchases related to the weather were building material and garden equipment which saw a rise of 1.8 per cent sales.

Another sector that saw fruitfulness was the general merchandise with stores seeing higher sales in three consecutive months, up 1.1 per cent in March.  While clothing and clothing accessories stores advanced 1.3 per cent, up again for the sixth consecutive month.  Finally, sporting goods, hobby, book and music stores rose 1.9 per cent.



Click here to see the latest issue of Business Review Canada


On the other side of the spectrum, gasoline station sales declined a fourth time in five months, down 1.6 per cent March.

Leading the provinces in retail sales was Ontario, up 1.2 per cent. Without this province's contribution, most retail sales would have come in flat with increases and decreases cancelling each other out, according to Statistics Canada. Other provinces that saw increases were Alberta and Saskatchewan, Newfoundland and Labrador while declines were seen in British Columbia, Quebec and New Brunswick. 


Featured Articles

Top 10 wealthiest billionaires in the US

Business Chief provides a rundown of the top 10 richest billionaires in the US based on the most recent Forbes 400 list, which is published every year

Top 10 easiest countries in the world to do business

Business Chief takes a look at the top 10 places in the world to do business, according to TMF Group's Global Business Complexity Index (GBCI) for 2023

Patagonia Chair Charles Conn on becoming an imperfectionist

Entrepreneur and Patagonia Chair Charles Conn talks to Business Chief about rethinking strategy amid uncertainty, and why an imperfectionist approach works

Top 10 most valuable brands in the world – Amazon to TikTok

Corporate Finance

Four priorities for new Twitter CEO Linda Yaccarino

Leadership & Strategy

Top 10 shifts transforming organisations – McKinsey & Co

Leadership & Strategy