Digital Retail & Technology | Finance & Taxation | National

Retail sales up 1.1% in June, decrease expected for July: StatCan

August 22, 2022

Statistics Canada released its national retail stats for June 2022, showing a 1.1% increase in sales numbers (to $63.1 billion) month-over-month for the sixth consecutive time.

The national statistics service did provide an advance estimate of retail sales for July, which suggests that sales decreased 2.0% in July. That would be the first time 2022 saw a monthly decrease in retail sales: possibly due to pent-up demand tapering off and the impact of Bank of Canada rate hikes.

Elsewhere, StatCan says retail e-commerce sales were up 4.5% in June month-over-month and on a seasonally-adjusted basis.

For questions or more information contact

Kate Skipton
Senior Policy Analyst, Government Relations

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