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Canada's Retail Sales Rise 0.6% in April Amid Surging Gasoline Prices

GateNews

2026-05-22 13:16:11

According to Statistics Canada, Canada's retail sales increased 0.6% month-over-month in April, following a 0.9% gain in March. The preliminary estimate was based on feedback from 52.1% of surveyed businesses. In the first quarter of 2026, retail sales grew 2.1%, marking the seventh consecutive quarter of expansion, significantly outpacing the 0.4% increase in the final three months of 2025. By volume, first-quarter retail sales still rose 1.2%, though surging gasoline prices appear to be increasingly squeezing household budgets and other consumer spending.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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