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FLCA - August Canadian Retail Sales Advanced From Coast To Coast
Franklin FTSE Canada
After strong back and forth swings in monthly sales this year, retailer category sales changes in August were noticeably more subdued. The breadth of the sales improvement was positive.
For the first time since June 2020—when retailers were rebounding from the initial onset of the pandemic—all 10 provinces recorded sales increases.
As with July, consumers were likely allocating more spending towards other in-person service industries not captured by retail sales.