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Automotive sector helps retail sales surge 18.7 per cent in May, says StatCan

from Yahoo! Finance

Automotive sector helps retail sales surge 18.7 per cent in May, says StatCan Yahoo! Finance Retail sales surged 18.7 per cent in May led by a revving of the automotive industry following COVID-19 shutdowns, Statistics Canada said recently. The agency says retail sales increased to $41.8 billion in May after steep declines in the previous two months, still leaving them 20 per cent below levels in February, before physical distancing measures were implemented to fight COVID-19. READ MORE

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