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Canadian Visa Expert: Canadian Economy

Canadian Economy Grows Six Months in a Row

Canadian retail sales are continuing to rise and be more robust than expected during the global pandemic

The country has seen six consecutive increases since the record drop in April 2020. According to Statistics Canada, motor vehicle and parts dealers are leading the growth, with sales at new car dealerships up by 0.8 percent. The prediction of increase by economists was only 0.2 percent. British Columbia sales increased by 2.1 percent, with personal care and health stores, building materials, and garden equipment and supplies contributing to the highest increase.

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Retail sales are also on the rebound and have achieved a remarkable recovery since the opening of stores. A Scotiabank Economics director said that total sales volumes are over five percent higher than before the pandemic struck, so the overall sector has more than recovered from the decline. When taking automobiles and gasoline sales out of the equation, sales have increased by close to eight percent compared to pre-pandemic numbers. Canada is a great place to live for the job opportunities available, the national healthcare system, and quality education.

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