2006 Results and 2007 Outlook For Retail Trade In Canada
Published February 15th, 2007
In its annual report on the retail industry and consumer spending in Quebec and Canada, the Conseil québécois du commerce de détail -Retail Council of Quebec, found that retails sales grew in 2006, and that is expected to continue in the rest of 2007.
In 2006 retail sales for both Quebec and the rest of Canada showed overall growth. In Quebec, retail sales increased by nearly 4% (3.7%) while reaching $86.3 billion overall. For the rest of Canada, sales increased by almost 5% (4.6%), to a total $384.8 billion. Together this was the eleventh consecutive year that retail sales increased in Canada.
It was positive factors such as low interest rates, stable inflation and decent job creation levels that kept consumers' confidence level high throughout the year. However as compared to 2005, growth was slightly down.
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