Canadians Started Spending In A Big Way Once Things Reopened, Data Shows

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Strong numbers for vehicle sales led the charge for Canada's retail sector

A woman wears a face mask as she shops in Montreal on Aug. 15, 2020. Retail sales soared 23.7 per cent in June to $53 billion, according to Statistics Canada.

Retail sales soared 23.7 per cent in June to $53 billion, while the agency also revised its reading for May to show a gain of 21.2 per cent, up from its earlier estimate of 18.7 per cent. Sales continued their recovery in June alongside the reopening process, regaining all ground lost in the pandemic and then some.TD Bank economist Ksenia Bushmeneva said the rebound in retail sales looked “pretty V-shaped,” a reference to a quick recovery from a sharp decline.

“Strong motor vehicles continue to supercharge the sales numbers. Significant pent-up demand is also giving a boost to several other categories, such as clothing and furniture, where the impact of the mandatory shutdowns was most extensive.”

 

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Scared we may never see the product again. MinisterofProsperity Hypocrites working hard to destroy the middle class. Aka Minister of Bread. Besties payola for role in last ObstructionEthicsCommissioner.

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