Retail sales climbed for the seventh straight month in November as Black Friday deals and a rush to order online gifts early to avoid shipping delays pushed sales up 1.3 per cent to $55.2 billion, Statistics Canada said Friday.
But the federal agency’s unofficial early estimate for December appeared to dampen the retail momentum.
It said sales for the last month of 2020 – typically the peak of the holiday shopping season – potentially fell by as much as 2.6 per cent.
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Retail expert Farla Efros said it’s not surprising the sales would taper off in December given the heavy discounting offered on Black Friday in November, as well as Amazon’s decision to move its Prime Day to mid-October.
“Most people took the opportunity to do their shopping early and get those deals,” said Efros, president of HRC Retail Advisory.
In addition, Toronto and the Peel region went into lockdown …