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Canadian Retail Sales Rise, Then Plummet Amid Trade Tensions

6/21/2025

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Summary

Story summary

Canadian retail sales saw a modest rise of 0.3% in April, surpassing $70 billion, fueled by strong auto and online purchases. Yet, early May signals a troubling 1.1% drop, as trade tensions and faltering consumer confidence loom large. Economists warn that tariffs could further dampen spending across all retail sectors, raising alarms for the economy.

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Story summary

Canadian retail sales saw a modest rise of 0.3% in April, surpassing $70 billion, fueled by strong auto and online purchases. Yet, early May signals a troubling 1.1% drop, as trade tensions and faltering consumer confidence loom large. Economists warn that tariffs could further dampen spending across all retail sectors, raising alarms for the economy.