MONEXgroup discusses in its article the latest economic activities in the Canadian marketplace and the growth rates for Canadian Retail Sales services; in correlation with the Gross Domestic Product and consumer’s confidence rates.
Canadian Retail sales in September 2014 has emerged into a fast growing economy with positive rates; feeding the Canadian marketplace with maturity in the year’s Gross Domestic Product (GDP), consumer confidence and the stock market. Less astonishing but more surprisingly was the economists’ forecasts for the monthly performance this year that indicated sales rose for the first time in three consecutive months!
Leading figures were mostly generated by “big-ticket items such as cars, furniture and appliances” reported by The Globe and Mail in November, 2014. Actual retail sales for the month appreciated by 0.8% reaching $42.8 billion; reported by Statistics Canada in Ottawa.
Canadian Dollar Gains: this topic was covered by micro-economists who were observing the day-to-day performance and reflecting events on the North American performance; Market Pulse compared the CAD to USD currencies based on the 0.8% increase for September 2014 and the Consumer Confidence rates. Factors which led to the Canadian economic growth were:
- Consumer Spending on cars and housings
- Cars & Parts rose by 3.4% in September 2014 reaching $10.5 billion
- Cars & Parts sales led by light trucks with 8.1% increase over the last 12 months
- Home furnishing sales rose 1.3 %, reaching $1.38 billion
- Electronic & Appliance had four straight increase in sales; gained 1.2% reaching $1.26 billion
Monthly Performance in the Canadian Retail Sales figures for Quadrant 3, 2014:
- July 2014 – August 2014 : – 0.1 %
- August 2014 – September 2014 : + 1.0 %
Yearly Performance in the Canadian Retail Sales figures:
- September 2013 – September 2014: + 4.5 %
Toronto December 02, 2014
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