(Bloomberg) -- Canadian retail sales likely dropped last month, nearly wiping out all of April’s gains and highlighting weakness in consumer spending that...
-- Canadian retail sales likely dropped last month, nearly wiping out all of April’s gains and highlighting weakness in consumer spending that will keep more Bank of Canada rate cuts on the table this year. Car Dealers hips Across US Halt Services After CyberattackReceipts for retailers fell 0.6% in May, the biggest monthly decline since January, according to an advance estimate from Statistics Canada released Friday. That followed a 0.
“Overall, the report suggests that consumer spending remain relatively weak and spending per person continues to ease,” Charles St-Arnaud, chief economist at Alberta Central, said in an email. “Today’s data therefore suggest that many Canadian households continue to restrict their spending in the face of high interest rates, and rates will need to come down further to provide meaningful relief,” he said in a report to investors.
Ontario, on the other hand, recorded the biggest provincial decline of 1%, led by lower sales at car dealers. Sales were down 2.5% in Toronto. WASHINGTON — The Food and Drug Administration on Friday authorized the first menthol-flavored electronic cigarettes for adult smokers, acknowledging that vaping flavors can reduce the harms of traditional tobacco smoking. -- Paul Wick of Seligman Investments has been trimming his holdings of Nvidia Corp. in recent weeks after questioning earnings growth prospects at the stock market darling.
Even if you think you've opted out, auto insurers may be using other apps to track your driving data and adjust your rates.OTTAWA — The Bank of Canada's governing council thought about waiting until July to lower interest rates but ultimately decided to cut earlier, the central bank's summary of deliberations reveals.
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Canada May retail sales likely fall 0.6% after April reboundCanadian retail sales likely dropped last month, nearly wiping out all of April’s gains and highlighting weakness in consumer spending that will keep more Bank of Canada rate cuts on the table this year.
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Statistics Canada says retail sales rose 0.7 per cent in April to $66.8 billionOTTAWA — Canadian retail sales rose 0.7 per cent to $66.8 billion in April, helped by higher sales at gasoline stations as well as food and beverage retailers.
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Statistics Canada says retail sales rose 0.7 per cent in April to $66.8 billionOTTAWA — Canadian retail sales rose 0.7 per cent to $66.8 billion in April, helped by higher sales at gasoline stations as well as food and beverage retailers.
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Statistics Canada says retail sales rose 0.7 per cent in April to $66.8 billionOTTAWA — Canadian retail sales rose 0.7 per cent to $66.8 billion in April, helped by higher sales at gasoline stations as well as food and beverage retailers.
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Statistics Canada says retail sales rose 0.7 per cent in April to $66.8 billionOTTAWA — Canadian retail sales rose 0.7 per cent to $66.8 billion in April, helped by higher sales at gasoline stations as well as food and beverage retailers.
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Statistics Canada says retail sales rose 0.7 per cent in April to $66.8 billionOTTAWA — Canadian retail sales rose 0.7 per cent to $66.8 billion in April, helped by higher sales at gasoline stations as well as food and beverage retailers.
Read more »