FX.co ★ Canadian Retail Sales Decline by 0.3% in January 2024

In January 2024, Canadian retail sales experienced a decline of 0.3% compared to the previous month, December 2023, when the indicator showed a growth of 0.9%. This data was recently updated on March 22, 2024. The month-over-month comparison reveals the negative trend in retail sales, highlighting potential challenges in the Canadian consumer market during the beginning of the year. It will be important to monitor further developments in the retail sector to assess the impact of this decrease on the overall economic landscape in Canada.