Canada Retail Sales YoY

Retail Sales in Canada increased 3.70 percent in February of 2014 over the same month in the previous year. Retail Sales YoY in Canada is reported by the Statistics Canada. Retail Sales YoY in Canada averaged 4.45 Percent from 1992 until 2014, reaching an all time high of 10.50 Percent in December of 1997 and a record low of -6.50 Percent in December of 2008. In Canada, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago. This page provides - Canada Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.70 3.70 10.50 -6.50 4.24 | 2014/03 1992 - 2014 Percent Monthly


Canada Retail Sales YoY

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-23 01:30 PM Canada
Retail Sales YoY
Nov 2013 3.1% 3.0% 3.12%
2014-02-21 01:30 PM Canada
Retail Sales YoY
Dec 2013 3.4% 3.1% -0.1% 3.22%
2014-03-21 12:30 PM Canada
Retail Sales YoY
Jan 2014 3.7% 3.4% 3.31%
2014-04-23 01:30 PM Canada
Retail Sales YoY
Feb 2014 3.7% 3.7% 3.37%
2014-05-22 01:30 PM Canada
Retail Sales YoY
Mar 2014 3.7% 4.24%
2014-06-20 01:30 PM Canada
Retail Sales YoY
Apr 2014 4.24%

Consumer Last Previous Highest Lowest Forecast Unit
Bank Lending Rate 3.00 2014-04-30 3.00 22.75 2.25 3.00 2014-05-31 Percent [+]
Consumer Spending 954859.00 2013-11-15 947646.00 954859.00 162251.00 959508.41 2014-03-31 CAD Million [+]
Disposable Personal Income 1090364.00 2013-11-15 1078704.00 1090364.00 26768.00 1098694.50 2014-03-31 CAD Million [+]
Personal Savings 54700.00 2013-11-15 52888.00 69512.00 1200.00 55142.79 2014-03-31 CAD Million [+]
Retail Sales YoY 3.70 2014-02-28 3.70 10.50 -6.50 4.24 2014-03-31 Percent [+]
Retail Sales MoM 0.50 2014-02-28 0.90 3.70 -4.50 0.28 2014-03-31 Percent [+]
Consumer Confidence 84.40 2013-12-31 81.20 93.40 60.00 77.68 2014-03-31 [+]

Retail Sales YoY | Notes
The Retail Sales report is an aggregated measure of the sales of retail goods over a certain period. Usually, the Retail sales report is based on a data sampling that is extrapolated to model an entire country. Generally, the retail sales report not only captures store sales, catalogue sales and other out of store sales but also breaks down sales figures into groups like food and beverages, clothing, and autos. The Retail sales report is one of the timeliest economic reports, providing data that is only a few weeks old. The most popular measure of retail sales is month over month, where the volume of retail sales in certain month is compared to the previous month. However, some countries prefer the year over year measure where the certain month is compared to the same month a year ago thus accounting for seasonality and other oscillations in retail sales data.


Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
Canadian Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Canadian jobless rate fell to 6.9 from 7.0 percent in the previous month and 7.2 percent a year earlier. Employment increased by 42,900, driven by gains among youths, compared with a loss of 7,000 jobs in February.
Canadian Trade Balance Turns to a CAD 290 Million Surplus  
Trade balance in Canada recorded a surplus of CAD 290 million in February of 2014, following a CAD 337 million deficit in January, as exports grew 3.6 percent and imports were up 2.1 percent. Motor vehicles and parts, and energy products improved exports, while imports increased for energy products.
Canada Inflation Rate Slows in February  
Canadian annual inflation rate decelerated for the first time in 4 months to 1.1 percent, after hitting a 19-month high 1.5 percent in January. The slowdown is mainly due to a 1.3 percent fall in gasoline prices, following a 4.6 percent increase in January.
Canada Trade Deficit Narrows Sharply in January  
Canadian trade deficit decreased to CAD 172 million in the first month of 2014 from CAD 922 million in December of 2013 as imports declined 1.6 percent while exports edged up 0.2 percent.
Canada Unemployment Rate Steady at 7%  
In February of 2014, Canada's jobless rate remained unchanged at 7 percent. There has been little overall employment growth in Canada since August 2013.
Canada Leaves Monetary Policy Unchanged  
At its March 5th, 2014 meeting, Canada's central bank decided to leave the overnight rate unchanged at 1 percent, as widely expected, citing balanced risks to inflation, housing market and household debt.
Canadian Economy Resilient in Q4  
In the last three months of 2013, Canada’s GDP advanced 0.7 percent on a quarter-on-quarter basis, the same rate recorded in the preceding quarter. The annualized growth rate was recorded at 2.9 percent, better than 2.7 percent in the third quarter.
Canada's Current Account Deficit Widened in Q4  
Canada's current account deficit increased by CAD 1.2 billion to CAD 16.0 billion in the fourth quarter of 2013. It is the highest deficit in the last five quarters, as exports fell due to lower crude oil prices and imports rose.


Tokyo Core CPI At 22- Year High in April  
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier, the fastest gain since 1992 as an increase in sales tax drove up cost of goods and services.
US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.

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