www.bloomberg.com
Canadian retail sales are projected to see minimal growth in the final quarter of the previous year, signaling ongoing consumer caution and financial pressure. Economists expect that persistently high inflation and rising interest rates have eroded purchasing power, leading households to prioritize essential spending over discretionary items. While some sectors, such as food and gasoline, may show resilience, overall sales figures reflect a subdued holiday season and a broader economic slowdown. This trend suggests that despite a robust labor market, Canadian consumers are tightening their budgets in the face of economic uncertainty.
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