Retail sales surpass pre-crisis figures in Alberta

Consumption is on the rise in Alberta, according to retail trade data released Tuesday morning by Statistics Canada. The stores are busy and the purchase has returned to its rhythm of cruising, surpassing even the performances inscribed before the crisis of 2014.

Over the past 11 months, Alberta has recorded a 10 percent increases in retail sales.

In June, retail trade generated some $6.9 billion, breaking the record of $6.7 billion in October 2014.

Over a one-year period from June 2016 to June 2017, retail sales increased by 10.5%, the second largest increase after British Columbia’s 12.4%.

This economic performance surpassed Quebec (6.2%) and Ontario (6.6%), the two dominant sectors in the Canadian economy.

The garment sector posted the largest increase in retail sales, with a sharp increase from May to June (5.2%). Over a one-year period, the increase was 15.8%.

Online business continues to gain followers. In June, Internet sales reached $ 1.2 billion in Alberta, representing 2.2% of the total value of retail trade in the country and a confirmation of its ever-increasing importance.

From 2016 to 2017, the value of online sales jumped 43.5% in Canada.

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About the Author: Erin Phan

Erin Phan Is a researcher and law student at York University (TORONTO). She has worked as the Director of the Graduate Lawyering Program. She worked for American law firms in Moscow, Russia for three years. Hegraduated from Columbia Law School, Columbia School of International and Public Affairs and Harvard College. She research interest is in human rights and health law, with a particular focus on the law and policy of vaccination.

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