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StatsCan: Canadian Retailers Generate $629 Billon Revenue

Stockhouse Editorial
0 Comments| March 22, 2019


Canadian retail saw a widespread gain in 2017 according to new data released by Statistics Canada on Friday.

Store and non-store retailers generated $629.4 billion in operating revenue, up 6.3% over the previous year. Total operating expenses grew 5.1% to $137.4 billion.

 

 

Non-store retailers also reported a significant increase in operating revenue, rising 19.4% to $24.8 billion, led by online shopping and higher fuel prices.

The largest subsector, motor vehicle and parts dealers, again led the gain in operating revenue, up 10.9% to $166.0 billion.




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