The forecasted Value Added of Retail (Except Motor Vehicles and Motorcycles) in Canada shows a steady growth from 99.2 billion CAD in 2024 to 107.41 billion CAD in 2028. With reference to the previous actual data from 2023, this indicates a moderate but consistent increase in the retail sector's output.

Year-on-year growth varies between approximately 2% and 2.3%, suggesting a stable expansion in the retail industry's contribution to the Canadian economy. Over the five-year period from 2024 to 2028, the compounded annual growth rate (CAGR) hovers around 2.01%, indicating a modest yet steady upward trajectory.

Future Trends to Watch:

Technological disruption in retail operations, emphasizing e-commerce integration.
Consumer preference shifts toward sustainable and locally-sourced products.
Potential economic influences such as changes in fiscal policy and global trade dynamics.