Consumer Spending
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B.C. port strike affected 17% of retailers with auto sector hit hardest: StatCanRetail sales figures continued to grow in July, according to the latest data from Statistics Canada, even as 17 per cent of retailers say strikes at BC ports affected sales.MoneySep 22, 2023
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Could a Toronto Blue Jays playoff bid be a home run for the economy?Canada’s economy is slowing down just as the Toronto Blue Jays’ race for a playoff berth heats up. Here's what experts say that could mean for country's economic prospects.EconomySep 2, 2023
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Walmart tops profit expectations amid strong grocery demandWalmart raised its full-year forecasts and beat second-quarter sales and profit estimates, citing strong demand for its low-priced groceries and health and wellness products.MoneyAug 17, 2023
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Loblaw blames supplier costs for pricier products as it reports Q2 profitLoblaw on Wednesday beat Wall Street expectations for second-quarter revenue and profit, helped by sustained demand for groceries and drugs and higher prices.EconomyJul 26, 2023
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Bank of Canada hiked rates amid ‘surprisingly resilient’ consumer spendingThe Bank of Canada's decision to hike interest rates earlier this month hedged on stronger consumer spending and persistence in core inflation, deliberations show.EconomyJun 21, 2023
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Consumer spending holds strong as retail sales climbStatistics Canada says retail sales rose 1.1 per cent to $65.9 billion in April as gains at general merchandise retailers and food and beverage stores led the way higher.EconomyJun 21, 2023
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Canada leading most countries in retail sales. Why is spending so high?Canadian retail sales climbed 2.4 per cent in March compared with the same month a year earlier, outperforming most developed markets around the world, a new report shows.ConsumerJun 19, 2023
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Retail sales fell in March as consumers spent less on gas, new carsCore retail sales - which exclude gasoline stations and fuel vendors and motor vehicle and parts dealers - rose 0.3 per cent in the month.ConsumerMay 19, 2023
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Home Depot cuts sales forecast in sign consumers are reining in renosHome Depot cut its annual sales forecast and projected a steeper-than-expected decline in profit, stoking fears about inflation-wary consumers trimming discretionary spending.EconomyMay 16, 2023
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Walmart economic outlook uncertain as consumers remain cautious on spendingWalmart Inc struck a cautious note in its economic outlook for 2023 on Tuesday as the retail bellwether forecast full-year earnings below estimateEconomyFeb 21, 2023
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