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Retail Sales Slow in Canada After Strong Run Peters Out

  • Receipts fell short of expectations in August with 0.4% gain
  • Outlook for spending is bleak amid surge in Covid-19 cases
Canada's Largest Province Moves To Next Phase Of Reopening
Photographer: David Kawai/Bloomberg
Updated on

The recovery in Canadian retail sales is fizzling.

Sales eked out a gain of 0.4% in August, Statistics Canada said Wednesday in Ottawa. That fell short of the 1.1% median forecast in a Bloomberg survey of economists. Excluding vehicles, receipts rose 0.5%, versus a forecast gain of 0.9%.