While the US flounders.
Retail sales jumped 23% in June, enough to get back above where they were before COVID-19
Canadian retailers racked up $53 billion in sales in June, a 23 per cent rise from May and enough to put the figure above where it was in February before COVID-19 walloped Canada's economy.
Statistics Canada reported Friday that sales were up in all types of stores, but cars and car parts, along with clothing and accessories, led the way.
Sales were 1.3 per cent higher in May than they were in February, the month before large swaths of Canada's economy including retailers shut down to try to contain the coronavirus that causes the COVID-19 illness. Retail sales fell by about a third from February through April, before beginning a rebound in May and into June.
https://www.cbc.ca/amp/1.5694906
Retail sales jumped 23% in June, enough to get back above where they were before COVID-19
Canadian retailers racked up $53 billion in sales in June, a 23 per cent rise from May and enough to put the figure above where it was in February before COVID-19 walloped Canada's economy.
Statistics Canada reported Friday that sales were up in all types of stores, but cars and car parts, along with clothing and accessories, led the way.
Sales were 1.3 per cent higher in May than they were in February, the month before large swaths of Canada's economy including retailers shut down to try to contain the coronavirus that causes the COVID-19 illness. Retail sales fell by about a third from February through April, before beginning a rebound in May and into June.
https://www.cbc.ca/amp/1.5694906