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Canada · Monthly reference build

Canada Retail Pulse

A compact view of retail sales, digital share, consumer prices, currency, and the policy rate—without hiding source lags or revisions.

Dataset as of:

Retail sales · 2026-06
CA$74.3B
Seasonally adjusted
E-commerce share
7.7%
E-commerce ÷ total retail sales
CPI year over year
2.8%
All-items CPI
USD/CAD · 2026-08-27
1.3861
CAD per US dollar
Policy rate · 2026-08-27
2.25%
Target overnight rate
Seasonally adjusted retail salesMonthly total retail sales. Exact unrounded source-normalized values appear in the table.
  • Retail sales (CA$ millions)
Seasonally adjusted retail salesMonthly total retail sales. Exact unrounded source-normalized values appear in the table. Series use distinct line patterns and marker shapes. The exact values are available in the expandable table following the chart.
View exact values for Seasonally adjusted retail sales
Seasonally adjusted retail sales: exact values
Reference monthRetail sales (CA$ millions)
2024-0666441.657
2024-0767786.847
2024-0867604.219
2024-0968321.269
2024-1069041.87
2024-1169070.294
2024-1270891.213
2025-0170573.782
2025-0269400.454
2025-0370269.65
2025-0470413.365
2025-0569612.679
2025-0670579.225
2025-0770134.576
2025-0870780.386
2025-0970059.094
2025-1070112.774
2025-1170985.144
2025-1270708.74
2026-0171650.547
2026-0272053.89
2026-0372725.905
2026-0473065.313
2026-0573838.626
2026-0674282.968
E-commerce share and all-items CPI changeMonthly e-commerce share of retail sales and CPI year-over-year change. Null values remain explicit gaps.
  • E-commerce share (%)
  • CPI year over year (%)
E-commerce share and all-items CPI changeMonthly e-commerce share of retail sales and CPI year-over-year change. Null values remain explicit gaps. Series use distinct line patterns and marker shapes. The exact values are available in the expandable table following the chart.
View exact values for E-commerce share and all-items CPI change
E-commerce share and all-items CPI change: exact values
Reference monthE-commerce share (%)CPI year over year (%)
2024-066.979664881024866Not available
2024-077.283355427344188Not available
2024-087.01088788556229051.953371140516702
2024-097.2703201692579811.6403785488958933
2024-107.3069645998869962.0176544766708826
2024-117.3138707068483021.8891687657430767
2024-127.1135473447181671.831964624131377
2025-017.0565156902034811.8951358180669509
2025-027.1341939636302662.644836272040285
2025-036.8932561923960072.3153942428034924
2025-047.1628986911788691.7434620174346271
2025-057.0013912264459751.7337461300309664
2025-066.8339373236246211.8587360594795488
2025-077.3914954586736221.727328809376938
2025-086.9231015496298661.8541409147095234
2025-096.8926540785697282.358783364369965
2025-107.0322221168998392.163164400494444
2025-116.7998946371088582.224969097651419
2025-127.1461929600216312.3573200992556
2026-017.1135744434721482.293862368257904
2026-026.9983216728479191.7791411042944905
2026-037.23167487568563152.3853211009174258
2026-047.1508459835106712.8151774785801775
2026-057.0575148567905353.2258064516129004
2026-067.7091844256952.7980535279805263
USD/CAD daily averageBank of Canada daily average exchange-rate observations retained in the snapshot.
  • USD/CAD (CAD per USD)
USD/CAD daily averageBank of Canada daily average exchange-rate observations retained in the snapshot. Series use distinct line patterns and marker shapes. The exact values are available in the expandable table following the chart.
View exact values for USD/CAD daily average
USD/CAD daily average: exact values
Observation dateUSD/CAD (CAD per USD)
2026-04-211.3653
2026-04-221.3662
2026-04-231.3688
2026-04-241.3678
2026-04-271.3615
2026-04-281.3678
2026-04-291.3682
2026-04-301.3624
2026-05-011.3576
2026-05-041.3611
2026-05-051.3617
2026-05-061.3625
2026-05-071.3635
2026-05-081.3686
2026-05-111.3667
2026-05-121.371
2026-05-131.3703
2026-05-141.3725
2026-05-151.3752
2026-05-191.3757
2026-05-201.3751
2026-05-211.3783
2026-05-221.3809
2026-05-251.3804
2026-05-261.3812
2026-05-271.3831
2026-05-281.3809
2026-05-291.3798
2026-06-011.3837
2026-06-021.3834
2026-06-031.3884
2026-06-041.3896
2026-06-051.3924
2026-06-081.3947
2026-06-091.3947
2026-06-101.393
2026-06-111.3993
2026-06-121.3977
2026-06-151.3982
2026-06-161.3996
2026-06-171.4034
2026-06-181.4131
2026-06-191.4171
2026-06-221.4162
2026-06-231.42
2026-06-241.4234
2026-06-251.4204
2026-06-261.4186
2026-06-291.4206
2026-06-301.421
2026-07-021.4181
2026-07-031.4201
2026-07-061.4219
2026-07-071.4199
2026-07-081.4174
2026-07-091.4169
2026-07-101.4146
2026-07-131.4145
2026-07-141.4067
2026-07-151.4049
2026-07-161.4038
2026-07-171.4014
2026-07-201.4054
2026-07-211.4095
2026-07-221.4088
2026-07-231.4083
2026-07-241.4093
2026-07-271.4114
2026-07-281.4102
2026-07-291.4083
2026-07-301.4014
2026-07-311.4029
2026-08-041.4068
2026-08-051.4026
2026-08-061.4018
2026-08-071.3943
2026-08-101.3942
2026-08-111.3927
2026-08-121.393
2026-08-131.3938
2026-08-141.3875
2026-08-171.3865
2026-08-181.3889
2026-08-191.3824
2026-08-201.3785
2026-08-211.376
2026-08-241.3842
2026-08-251.3839
2026-08-261.3876
2026-08-271.3861
Bank of Canada policy rateTarget for the overnight rate. Repeated daily observations show the effective level through time.
  • Policy rate (%)
Bank of Canada policy rateTarget for the overnight rate. Repeated daily observations show the effective level through time. Series use distinct line patterns and marker shapes. The exact values are available in the expandable table following the chart.
View exact values for Bank of Canada policy rate
Bank of Canada policy rate: exact values
Observation datePolicy rate (%)
2026-04-242.25
2026-04-272.25
2026-04-282.25
2026-04-292.25
2026-04-302.25
2026-05-012.25
2026-05-042.25
2026-05-052.25
2026-05-062.25
2026-05-072.25
2026-05-082.25
2026-05-112.25
2026-05-122.25
2026-05-132.25
2026-05-142.25
2026-05-152.25
2026-05-182.25
2026-05-192.25
2026-05-202.25
2026-05-212.25
2026-05-222.25
2026-05-252.25
2026-05-262.25
2026-05-272.25
2026-05-282.25
2026-05-292.25
2026-06-012.25
2026-06-022.25
2026-06-032.25
2026-06-042.25
2026-06-052.25
2026-06-082.25
2026-06-092.25
2026-06-102.25
2026-06-112.25
2026-06-122.25
2026-06-152.25
2026-06-162.25
2026-06-172.25
2026-06-182.25
2026-06-192.25
2026-06-222.25
2026-06-232.25
2026-06-242.25
2026-06-252.25
2026-06-262.25
2026-06-292.25
2026-06-302.25
2026-07-012.25
2026-07-022.25
2026-07-032.25
2026-07-062.25
2026-07-072.25
2026-07-082.25
2026-07-092.25
2026-07-102.25
2026-07-132.25
2026-07-142.25
2026-07-152.25
2026-07-162.25
2026-07-172.25
2026-07-202.25
2026-07-212.25
2026-07-222.25
2026-07-232.25
2026-07-242.25
2026-07-272.25
2026-07-282.25
2026-07-292.25
2026-07-302.25
2026-07-312.25
2026-08-032.25
2026-08-042.25
2026-08-052.25
2026-08-062.25
2026-08-072.25
2026-08-102.25
2026-08-112.25
2026-08-122.25
2026-08-132.25
2026-08-142.25
2026-08-172.25
2026-08-182.25
2026-08-192.25
2026-08-202.25
2026-08-212.25
2026-08-242.25
2026-08-252.25
2026-08-262.25
2026-08-272.25

retail-real-growth-v1

Retail growth, with and without consumer-price movement

In 2026-06, seasonally adjusted retail sales changed 5.11 log points compared with 2025-06. The all-items CPI accounted for 2.76 of that, leaving 2.35 after removing consumer-price movement. Nominal equals real plus deflator exactly — an arithmetic decomposition, not a causal claim.

Year-over-year log growth (100 × ln ratio). Nominal equals real plus deflator exactly in every row; blank deflators are months without CPI.
MonthNominalDeflatorDeflated
2025-066.041.844.2
2025-073.41.711.69
2025-084.591.842.75
2025-092.512.330.18
2025-101.542.14-0.6
2025-112.732.20.53
2025-12-0.262.33-2.59
2026-011.512.27-0.75
2026-023.751.761.99
2026-033.442.361.08
2026-043.72.780.92
2026-055.893.172.72
2026-065.112.762.35

Deflator: Consumer Price Index, all-items, Canada (2002=100) — not a retail-specific deflator, and not seasonally adjusted while the sales series are. Comparisons are year-over-year only, so both bases compare the same calendar month.

ecommerce-contribution-v1

E-commerce contribution to retail growth

Vs 2026-05 (month over month)
Total retail changed 0.6%; e-commerce accounted for 0.7 percentage points and the rest of retail for -0.1. The two parts sum to the total exactly.
Vs 2025-06 (year over year)
Total retail changed 5.25%; e-commerce accounted for 1.28 percentage points and the rest of retail for 3.97. E-commerce was 7.7% of retail sales in 2026-06.

Both series are seasonally adjusted members of the same Statistics Canada table; this report is suppressed unless both sources declare seasonal adjustment. Contribution is an arithmetic decomposition, not a causal claim.

retail-fx-policy-context-v1

Currency and policy rate alongside 2026-06

USD/CAD monthly average
1.4040 in 2026-06 · 1.3674 a year earlier
Bank of Canada policy rate
2.25% latest · 2.75% a year earlier

Shown for context — no causal relationship tested. These levels sit alongside the retail figures; nothing here links one to the other.

Human-reviewed monthly note

What changed / why it matters

Commentary for 2026-06 is under human review. We do not generate causal prose automatically.

Methodology

Transformations kept deliberately small.

Retail and e-commerce values use the locked Statistics Canada WDS vectors and source scalar factors, normalized to CA$ millions. The two series join on their latest common reference month.

E-commerce share is e-commerce sales divided by total retail sales. Year-over-year changes compare the same month one year earlier. Daily USD/CAD values are averaged by month for the joined monthly series.

CPI is context, not a retail-specific deflator. FX and policy-rate observations can have a later date than the monthly retail period and are not presented as causes of that month's movement. These current-dollar sales do not separate volume, price, and product mix.

Deflated growth, where shown, uses the Consumer Price Index, all-items, Canada (2002=100) — not a retail-specific deflator, and not seasonally adjusted while the sales series are. Deflated comparisons are therefore year-over-year only, so both bases compare the same calendar month, and nominal always equals deflated plus deflator exactly in log points.

Retail and e-commerce sales are both seasonally adjusted members of the same Statistics Canada table, which is what makes their additive contribution arithmetic valid; the contribution view is suppressed unless both sources declare seasonal adjustment. The monthly note above is updated once per Statistics Canada retail trade release: numbers come from a generated facts pack, prose is written and signed off by a human, and no causal interpretation is generated automatically.

Provenance

Sources, timestamps, and licence notes

Read the versioned JSON dataset endpoint. Source “data as of” timestamps are distinct from GuildBuild fetch times.

Statistics Canada retail trade sales

Data as of
Jun 30, 2026, 11:59 p.m. UTC
Fetched
Aug 28, 2026, 6:53 p.m. UTC
Unit
CAD millions, seasonally adjusted

Adapted from Statistics Canada, Table 20-10-0056-01, Monthly retail trade sales by province and territory, 2026-06-30. This does not constitute an endorsement by Statistics Canada of this product.

Source Terms / licence

Statistics Canada retail e-commerce sales

Data as of
Jun 30, 2026, 11:59 p.m. UTC
Fetched
Aug 28, 2026, 6:53 p.m. UTC
Unit
CAD millions, seasonally adjusted

Adapted from Statistics Canada, Table 20-10-0056-01, Monthly retail trade sales by province and territory, 2026-06-30. This does not constitute an endorsement by Statistics Canada of this product.

Source Terms / licence

Statistics Canada all-items Consumer Price Index

Data as of
Jul 31, 2026, 11:59 p.m. UTC
Fetched
Aug 28, 2026, 6:53 p.m. UTC
Unit
index, 2002=100

Adapted from Statistics Canada, Table 18-10-0004-01, Consumer Price Index, monthly, not seasonally adjusted, 2026-07-31. This does not constitute an endorsement by Statistics Canada of this product.

Source Terms / licence

Bank of Canada USD/CAD daily average exchange rate

Data as of
Aug 27, 2026, 12:00 a.m. UTC
Fetched
Aug 28, 2026, 6:53 p.m. UTC
Unit
CAD per USD

Source: Bank of Canada, Bank of Canada USD/CAD daily average exchange rate, 2026-08-27T00:00:00.000Z. GuildBuild transformed the source observations; the Bank of Canada does not endorse this product.

Bank of Canada content in this product was obtained from bankofcanada.ca and is available there free of charge.

Source Terms / licence

Bank of Canada target for the overnight rate

Data as of
Aug 27, 2026, 12:00 a.m. UTC
Fetched
Aug 28, 2026, 6:53 p.m. UTC
Unit
percent

Source: Bank of Canada, Bank of Canada target for the overnight rate, 2026-08-27T00:00:00.000Z. GuildBuild transformed the source observations; the Bank of Canada does not endorse this product.

Bank of Canada content in this product was obtained from bankofcanada.ca and is available there free of charge.

Source Terms / licence

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