Sales fell 5.1% last month after many provinces introduced strict measures to curb virus cases according to Statistics Canada. The drop reverses two strong months of gains. Canadian retailers are likely to remain weak throughout most of May. Despite the setback, analysts ex peck a quick rebound for the economy in June as was the case in previous lockdowns.
Retail sales are still well above previous levels. April figures are about 5 percent above sales numbers of February 2020.
Small business in Canada
