The Financial Post reports in its Friday edition that Canadian retail sales grew modestly in the third quarter, particularly in car dealerships due to U.S. auto tariffs. A Bloomberg dispatch to the Post report that overall retail receipts, however, fell by 0.7 per cent in September, following a 1-per-cent increase in August, aligning with economists' expectations. Data indicate a 0.3-per-cent retail sales increase from July to September, following a 0.4-per-cent gain in the second quarter, suggesting consumer resilience despite the impact of President Donald Trump's trade war on Canada's labour market. In August, sales rose in six of nine subsectors, led by motor vehicles. Excluding autos, retail sales climbed 0.7 per cent, as Canadian consumers rushed to buy cars amidst threats of tariffs on imported vehicles. Motor vehicle sales rose 8.2 per cent in the first eight months of the year compared with last year, surpassing overall retail sales. Auto receipts outperformed retail sales each month in 2025, except February, and increased 0.4 per cent in the second quarter from the first. The Bank of Canada's recent survey of consumers showed Canadians' inflation expectations for vehicles rose in the third quarter.
© 2025 Canjex Publishing Ltd. All rights reserved.