MoM Change in Retail Sales in Canada
Canada| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The month-over-month retail sales data shows the percentage change in sales within Canada's retail sector compared to the previous month. This data, released monthly by Statistics Canada, is crucial for understanding short-term consumer spending trends.
When retail sales increase month-over-month, it indicates higher consumer purchasing intent and economic expansion. Conversely, a decrease suggests reduced consumer spending and potential economic stagnation. Policymakers use this data to adjust financial and fiscal policies as needed.
For example, if retail sales show significant growth, the central bank might consider raising interest rates to curb inflation risks. On the other hand, if sales decline, there might be a need to strengthen economic stimulus measures. This data is also vital for businesses and investors, helping them gauge consumer trends and economic outlooks.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
