Canadas Retail Sector - Essay Example

Canada’s Retail Sector Canada’s Retail Sector The retail sector currently plays a vital role in Canada’s market place. During the 2009 recession, the retail sector experienced a fall in demand. However, in 2006-2012, sales increased by 17%. The total retail sales in 2013 amounted to 482 billion, which was slightly below the predicted sales of $483 billion. The projection of 2014 sales has been placed at 493 billion. The Canadian government regulations are working towards ensuring that businesses are able to negotiate contract agreements amongst themselves.

Retail business holiday rules and regulations in Canada vary from one province to another. Therefore, retailers need to review retail business holiday regulations in their areas. For instance, there are no laws preventing retailers from opening in Alberta, but in New Brunswick, most retailers are not allowed to open during Holidays. Canada hosts several multinational retailers operating such as Reebok, Wal-Mart, Daiei (a Japanese company), and K-Mart, which is an Australian corporation among others.