Pent-up demand was unleashed from April to May
A 15.6% drop is forecast for April, said Statistics Canada
The pandemic has dealt a blow to the travel, retail and oil industries
As cities start to ease restrictions, economic recovery will hinge on a resilient services sector, according to a report
Sales of hand sanitizer were up 345% during the week of April 11
The deterioration of sales outpaced the decline that took place during the depths of the Great Recession
Prior to the Covid-19 outbreak, retail sales were up 0.4%
StatsCan reports last year’s growth in retail sales was the slowest since the financial crisis
The advance followed a 0.2% rise in sales in December
Sales beat expectations, according to Refinitiv