Canadian Retail Sales Rise for 5th Month

Retail sales in Canada surged by 1% from the previous month in May of 2026, according to a preliminary estimate. If confirmed, it would mark a fifth straight increase in retail sales. In April, retail turnover rose by 0.5% to C$73 billion, revised slightly lower from the initial estimate of 0.6%. Sales soared by 5.1% to C$7.51 billion for gasoline stations and fuel vendors, as the continued increase in fuel costs due to the war in the Middle East magnified a 0.8% increase in volume of sales. Meanwhile, turnover also rose for health and personal care retailers (1.2% to C$6.58 billion), building supplies and materials (3.3% to C$3.81 billion), and furniture, electronics, and appliances retailers (0.7% to C$3.4 billion). On the other hand, retail turnover fell for food and beverage stores (-2% to C$13.27 billion).
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