Story perspectives

Canadian Retail Sales Fall 0.8% Amid Economic Concerns

9/20/2025

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Summary

Story summary

Canadian retail sales dropped 0.8% to $69.6 billion in July, mainly due to reduced spending at supermarkets and grocery stores.
An advance estimate suggests a possible 1% increase in August sales, subject to revision.
Eight of nine subsectors saw declines in July, with food retailers down 2.5%.
Core retail sales fell by 1.2%, excluding gas and auto dealers.
The Bank of Canada lowered its key interest rate to 2.5% amid economic concerns, while job losses reached 66,000 in August after 41,000 in July.

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Story summary

Canadian retail sales dropped 0.8% to $69.6 billion in July, mainly due to reduced spending at supermarkets and grocery stores.
An advance estimate suggests a possible 1% increase in August sales, subject to revision.
Eight of nine subsectors saw declines in July, with food retailers down 2.5%.
Core retail sales fell by 1.2%, excluding gas and auto dealers.
The Bank of Canada lowered its key interest rate to 2.5% amid economic concerns, while job losses reached 66,000 in August after 41,000 in July.