Скачать или смотреть Canada auto sales drop as trade war with US drives prices up: StatCan

Consumers in Canada spent less money in May, with retail sales in Canada falling 1.1 per cent in May to $69.2 billion, Statistics Canada said.

Canada’s auto industry seems to have taken the brunt of falling retail sales, with motor vehicles and parts dealers recording a drop of 3.6 per cent in retail sales in May.

The integrated nature of the North American auto supply chain means tariffs also hit car prices.

Nivrita Ganguly speaks with BMO senior economist Shelly Kaushik about the road ahead for Canada’s economy.

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