Canada’s consumer price index rose 1.7 per cent in May thanks to a more balanced housing market and smaller increases in travel prices. … READ MORE >
retail sales
Canada’s unemployment rate rises as U.S. tariffs strain key industries
Canada’s latest jobs report showcased the impact of U.S. tariffs as key industries saw high job losses while the overall unemployment rate rose. … READ MORE >
Buy Canadian movement offers opportunities amid heightened emotions
The Buy Canadian movement may be more than a reactionary fad amid U.S. tariffs. The increased awareness of domestic options could shift behaviours in the long run—but being aware of its limitations is critical. … READ MORE >
Canada’s consumer price index reaches 1.9% as tax holiday dampens inflation
Canada’s consumer price index reached 1.9 per cent in January as the GST/HST tax break played a major role in dampening inflation. With inflation largely stable, the Bank of Canada’s next move would depend largely on jobs data. … READ MORE >
Canada’s consumer price index rises by 1.8% as tax holiday takes hold
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 >
Robust July retail sales defy growth scare
While the robust July retail sales numbers might come as a surprise given the various pressures on American consumers, the data was very well in line with our forecasts. … READ MORE >
Strong employment enables consumers to maintain spending
Strong employment has sustained consumer spending levels, Commerce Department data for June released on Tuesday shows. Rdriven by robust employment despite consumers’ depleted savings and high interest rates. As retailers look ahead to the remainder of 2024, they should anticipate steady yet moderated spending. … READ MORE >
Retail sales and industrial production point to a strong end of the year
Retail sales blowing past expectations while industrial production volume stayed solid, according to government data released Wednesday. … READ MORE >
July retail sales show upside surprise, helped by discounting and back-to-school events: RSM analyst perspective
Retail sales rose 0.7% in July from the prior month, beating analysts’ expectations for a 0.4% rise, likely driven by a series of July discount events at major retailers and the start of back-to-school shopping. The rise marked the fourth consecutive month of increases.
Stripping out spending on gas, food, autos and building materials, retail sales increased by 1.0%, double analysts’ expectations for a 0.5% increase, according to Commerce Department data released Tuesday. This control group is a key barometer for discretionary spending. … READ MORE >
Robust retail sales data in July raises Q3 GDP forecast
American consumers continued to show a robust spending appetite in July as sales from retail and food services came in much hotter than expected. … READ MORE >