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FINWIRES

Friday's Canada Retail Sales Data Expected To Build On Earlier Momentum, says RBC

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Canada will release March and preliminary April retail sales data at 8:30 a.m. ET on Friday, noted RBC.

Building on the momentum from February's retail sales increase, Statistics Canada's advance estimate suggests retail sales rose 0.6% month over month in March, which coincides with RBC's estimate.

The consensus growth for March is 0.7% month over month for March, it noted.

According to RBC, household spending has remained a steady engine of growth, with RBC cardholder transactions indicating resilience extended into Q1 2026, even as a significant new oil shock hit the economy.

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