Widespread lockdowns due to COVID-19 across the country pushed Canadian retail sales down by 10 per cent in March, the biggest plunge on record.
Statistics Canada reported Friday that about 40 per cent of Canadian retailers closed their doors in March, as government lockdowns and physical distancing requirements set in.
March’s plunge was more than twice as bad as the previous record of 4.5 per cent, set in February 1998.
The data agency says April’s preliminary numbers suggest that month’s data are likely to be even worse, down 15 per cent from March’s already low level, but the numbers released Friday show just how bad things got in just the first two weeks of lockdown.
Overall, Canadians spent just $47 billion at retailers in March. That’s the worst month since 2016.
Just about every type of retailer saw sales plummet during the month, but those deemed non-essential bore the brunt, including:
- Clothing stores, down 51 per cent.
- Motor vehicle and parts dealers, down 35 per cent.
- Furniture and home furnishings, down 24 per cent.
- Hobby, book and music stores, down 23 per cent.
- Gas stations, down 19 per cent.
There were a few bright spots, namely grocery stores that saw booming business as Canadians stocked up to shelter in place. Food and beverage sales were up 22 per cent, while general merchandise stores had their best month ever, with sales up 6.4 per cent.
Sales at health and personal care stores rose 4.6 per cent, also to their highest level on record. Cannabis sales rose 19 per cent.
Another bright spot was the growth in online retailers, as Canadians spent $2.2 billion online in March. That’s 40 per cent higher than it was in the same month last year.
‘Gradual normalization in sales’ expected in May: analyst
Economist Benjamin Reitzes at Bank of Montreal noted that online selling was actually probably even higher, since sales at U.S. retailer Amazon aren’t included in Friday’s numbers — even if the sale was made on the Canadian website, Amazon.ca.
“The record drop in March retail sales comes as a surprise to no one [and] April will be more of the same,” Reitzes said. “How quickly we rebound is the more pressing question at this point.”
TD Bank economist Omar Adbelrahman says he thinks the retail sales numbers should start to rebound a little once data from the current month of May come out. Massive government bailout packages for laid-off workers should give people money to buy things, he said, and a loosening of restrictions means more stores will be open to sell to them.
“With some provincial economies starting a gradual reopening process for some retail stores, we expect some gradual normalization in sales from May onwards,” he said.
Google in $5bn lawsuit for tracking in 'private' mode – BBC News
Google has been sued in the US over claims it illegally invades the privacy of users by tracking people even when they are browsing in “private mode”.
The class action wants at least $5bn (£4bn) from Google and owner Alphabet.
Many internet users assume their search history isn’t being tracked when they view in private mode, but Google says this isn’t the case.
The search engine denies this is illegal and says it is upfront about the data it collects in this mode.
The proposed class action likely includes “millions” of Google users who since 1 June 2016 browsed the internet in private mode according to law firm Boies Schiller Flexner who filed the claim on Tuesday in federal court in San Jose, California.
Incognito mode within Google’s Chrome browser gives users the choice to search the internet without their activity being saved to the browser or device. But the websites visited can use tools such as Google Analytics to track usage.
The complaint says that Google “cannot continue to engage in the covert and unauthorized data collection from virtually every American with a computer or phone”.
Vigorously denying the claims Google spokesman Jose Castaneda said: “As we clearly state each time you open a new incognito tab, websites might be able to collect information about your browsing activity”.
The search engine says the collection of search history, even in private viewing mode, helps site owners “better evaluate the performance of their content, products, marketing and more.”
While private browsing has been available from Google for some time, Boies Schiller Flexner said it recently decided to represent three plaintiffs based in the US.
“People everywhere are becoming more aware (and concerned) that their personal communications are being intercepted, collected, recorded, or exploited for gain by technology companies they have come to depend on,” it said in the filing.
One option is for visitors to install Google Analytics browser opt-out extension to disable measurement by Google Analytics, it says.
Google is sued in US for tracking users' 'private' internet browsing – The Jerusalem Post
Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by pervasively tracking their internet use through browsers set in “private” mode.The lawsuit seeks at least $5 billion, accusing the Alphabet Inc unit of surreptitiously collecting information about what people view online and where they browse, despite their using what Google calls Incognito mode.According to the complaint filed in the federal court in San Jose, California, Google gathers data through Google Analytics, Google Ad Manager and other applications and website plug-ins, including smartphone apps, regardless of whether users click on Google-supported ads.This helps Google learn about users’ friends, hobbies, favorite foods, shopping habits, and even the “most intimate and potentially embarrassing things” they search for online, the complaint said.Google “cannot continue to engage in the covert and unauthorized data collection from virtually every American with a computer or phone,” the complaint said.Jose Castaneda, a Google spokesman, said the Mountain View, California-based company will defend itself vigorously against the claims.”As we clearly state each time you open a new incognito tab, websites might be able to collect information about your browsing activity,” he said.While users may view private browsing as a safe haven from watchful eyes, computer security researchers have long raised concern that Google and rivals might augment user profiles by tracking people’s identities across different browsing modes, combining data from private and ordinary internet surfing.The complaint said the proposed class likely includes “millions” of Google users who since June 1, 2016 browsed the internet in “private” mode.It seeks at least $5,000 of damages per user for violations of federal wiretapping and California privacy laws.Boies Schiller & Flexner represents the plaintiffs Chasom Brown, Maria Nguyen and William Byatt.
Huawei Snubbed by Canadian Firms Ahead of Trudeau’s Crucial 5G Call – Yahoo Finance
(Bloomberg) — Two major Canadian wireless companies said they will build out their next-generation 5G wireless networks with equipment from European providers, sidelining China’s Huawei Technologies Co.
Montreal-based BCE Inc. said that Ericsson AB will provide the radio access network equipment — the critical antennas and base stations — for its 5G network. Telus Corp. said in a separate statement that it has selected Ericsson and Nokia Oyj “to support building” its network, without elaborating.
Those announcements come ahead of a closely watched — and long overdue — decision by Prime Minister Justin Trudeau on whether to ban Huawei from participating in the nation’s 5G infrastructure amid deeply troubled relations with Beijing. Huawei previously played a large role in Canadian wireless networks but has faced growing national security concerns from Western governments.
BCE would still consider working with Huawei if the government allows their participation in 5G, the Canadian company said in an e-mailed response to questions.
The Trump administration has lobbied allies to ban Huawei 5G, saying its equipment would make networks vulnerable to exploitation by the Chinese government. Despite that, the U.K. said in January it would allow Huawei a limited role. In recent days, Prime Minister Boris Johnson’s government has backtracked, saying it seeks to reduce reliance on the company’s technology and on China.
Telus and BCE awarded Huawei its first major project in North America in 2008 — a pivotal contract that helped cement the Chinese provider’s reputation as a global player that could compete on quality. The deal paved the way for it to become a major supplier to all three of Canada’s biggest telecom companies over the next decade.
Stalling in Ottawa
The Telus announcement comes as a particular surprise after Chief Financial Officer Doug French told the National Post in February that “we’re going to launch 5G with Huawei out of the gate” by the end of the year.
Telus spokeswoman Donna Ramirez didn’t immediately respond to a question on whether the company’s announcement still leaves room for Huawei to participate in its 5G rollout. Huawei said in an emailed statement it looks forward to the federal government completing its 5G review and making an evidence-based decision about its role in helping build Canada’s next-generation wireless networks.
Trudeau has stalled on whether to ban Huawei. Tensions between the two countries have been rising since Canadian authorities arrested Huawei CFO Meng Wanzhou on a U.S. handover request in late 2018. After her arrest, China put two Canadian citizens in jail, halted billions of dollars in Canadian imports and put two other Canadians on death row.
The extradition proceedings against Meng, the eldest daughter of the company’s billionaire founder, have pushed Canada’s relationship with its second-biggest trading partner into its worst state in decades. Beijing has accused Canada of abetting a U.S.-led “political persecution” against a national champion.
(Updates eighth paragraph with statement from Huawei)
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="For more articles like this, please visit us at bloomberg.com” data-reactid=”31″>For more articles like this, please visit us at bloomberg.com
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Subscribe now to stay ahead with the most trusted business news source.” data-reactid=”32″>Subscribe now to stay ahead with the most trusted business news source.
©2020 Bloomberg L.P.
Creating An Amazing Outdoor Space In Your Patio
A look at how provinces plan to emerge from COVID-19 shutdown – Kamloops This Week
Vancouver Real Estate Prices Slide, With Typical Home Dropping $7600 Last Month – Better Dwelling
- Tech21 hours ago
Google is sending Android 11 updates to some Pixel 4 owners early – Engadget
- Health22 hours ago
Nova Scotia reports one new case of COVID-19, bringing total to 1057 – Winnipeg Free Press
- Health8 hours ago
New Brunswick reports one new case of COVID-19 at nursing home as tests and calls to 811 spike – CTV News
- Tech19 hours ago
A new free-to-play game from Tencent is poised to be the next billion-dollar franchise – CNBC
- Tech17 hours ago
Google Pixel 3 vs. 3 XL: They've been deeply discounted, so which should you buy? – CNET
- Media17 hours ago
What is Blackout Tuesday? The social media trend and controversy around it, explained – For The Win
- News13 hours ago
Anticipating 'mass vaccinations', Canada ordering millions of syringes – CTV News
- Economy21 hours ago
'No-deal' Brexit threat looms over pandemic-ravaged UK economy – BNNBloomberg.ca