BNN Bloomberg
🏢 Bell Media
May 22, 2026
· 4 min read
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Why Canada’s retail growth isn’t good news, explains economist - BNN Bloomberg
Original article ↗B.I.A.S. ANALYSIS
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Article Excerpt
Canadian retail sales increased in March, but that isn’t exactly a positive thing, says an economist.
A newly released retail report from Statistics Canada shows retail sales increased by nearly a full per cent to $72.7 billion in March, with the upward trend primarily led by gasoline stations.
“It’s clear that’s been driven by higher gasoline prices rather than actually stronger underlying spending from households,” Charles St-Arnaud, chief economist at Servus, told BNN Bloomberg on Friday.
While retail sales increased by 12.4 per cent, the actual volume of gas sold fell by 1.9 per cent.
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