Statistics Canada released an article titled Retail: The Year 2014 in Review on August 4. The article highlights a 4.6% retail growth in 2014, the highest annual growth rate since 2010.
Higher sales were reported in every subsector and province and total retail sales volumes rose 3.5%. Sales of motor vehicle and parts was a large factor in the gain, as a record number of passenger cars and trucks were sold. For the first time since 2007, new and used motor vehicles (17.5%) accounted for a higher share of retail sales than food (17.4%).
View Retails: The Year 2014 in Review »