Canada’s CPI rose 1.8 per cent in December and declined 0.4 per cent on a monthly basis due to the tax holiday and disinflation forces throughout the economy. … READ MORE >
consumer spending
U.S. retail sales continued to grow in December
American consumers ended the year on a strong note, with total retail sales rising by 0.4%, … READ MORE >
Canada’s jobs report exceeds expectations for December
Canada’s jobs report for December exceeded expectations in several ways, a credit to a resilient economy poised to grow as more rate cuts are expected. But the risks of tariffs and trade tension affecting the growth and recovery outlook cannot be ignored. … READ MORE >
Rising demand helps U.S. retail sales top forecasts
Retail sales topped forecasts in November, growing at a robust pace for the third month in a row. … READ MORE >
September retail sales top forecasts
Retail sales for all items increased by 0.4% while the control group grew by 0.7% in September. … READ MORE >
Canada’s consumer price index hits 2 per cent target
The Bank of Canada will need to continue rate cuts amid disinflation as well as rising unemployment and sluggish growth. … READ MORE >
Fed’s key inflation gauge shows price stability as consumers hit the accelerator
The American economy is poised to grow at or above the long-term 1.8% rate as the Fed begins its rate-cutting campaign, which should put a floor under growth and hiring. … READ MORE >
Second quarter GDP is revised higher amid stronger consumer spending
With price stability essentially achieved, a well-performing labor market should continue to be a significant tailwind for growth, especially for consumer spending, in the last two quarters of the year. … READ MORE >
U.S. gas prices poised to decline by 10% ahead of July 4
Because of supply conditions and easing demand, domestic gasoline prices peaked at $3.67 per gallon for regular on April 18 and have declined since then. They are poised to decline even further. … READ MORE >
U.S. retail sales in February grew at the fastest rate since September
Once the seasonal factors in January’s data faded away, overall spending at retail stores, restaurants and online remained solid as consumers continued to benefit from a strong labor market and growing incomes. … READ MORE >