December retail sales gain likely won’t last: StatsCan
Early estimates for January point to a drop
- By: The Canadian Press
- February 22, 2024 February 22, 2024
- 15:25
Early estimates for January point to a drop
New data from StatsCan shows the drop was more significant in larger companies and foreign-controlled businesses
Growth forecast revised up, rate cuts still slated for second half
Merchandise trade down for the year, services trade up
Government says Europe’s largest economy is in 'troubled waters'
Statistics show that when companies roll out more efficient technology, their workers can become more productive
TSX Venture 50 list shows surge of investor interest in 2023, creating a blockbuster year for the mining sector
For the first time, millennials outnumber baby boomers, thanks to robust immigration
While Canada turned positive, fourth quarter GDP slowed in G7
Uptake likely to be limited, cushioning impact on banks
Shelter costs skewing economic picture, impairing monetary policy
Drop of 2.9% in January was a sharper deceleration than expected by forecasters
The move is the latest attempt at boosting the country's ailing property sector
However, sales in the motor vehicle and motor vehicle parts and accessories subsector fell
Americans have continued to consume at a solid rate
Official figures were released as economy takes centre stage in runup to general election
Progress toward climate standards may ease greenwashing concerns, ICMA says
Rising refinancing risk, weaker valuations portend further loan losses
Expected increase in demand for rental housing could fall by about 50% as a result of new policy
It’s the largest gain since 2021, Canadian Real Estate Association reports
Lower food prices help offset higher energy costs
Green bonds to lead the way, with transition and blue bonds getting traction