Canadian retail sales rise 1.1% in September, beating estimates

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Description: Retail sales in Canada came in better than expected in September, boosted by receipts of new cars, though a preliminary estimate for October shows the momentum was short-lived.

Source: BNNBloomberg.com – video report

Date: Nov 20, 2020

Link: https://www.bnnbloomberg.ca/canadian-retail-sales-rise-1-1-in-september-beating-estimates-1.1525406

Questions for discussion:

  • How did retail sales fare? Explain these results?
  • Where do you think retailing is headed, given the disruption to normal shopping behaviors?

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