Statistics Canada reported that government supports offset a sharp drop in household income
Government still has capacity to support recovery and outlook is stable
Continued support from the Fed will be required
Sales dropped 1.1% to $52.5 billion, said Statistics Canada
The national average home price in February was a record $678,091
The economy added 259,000 jobs in February
Hot real estate markets in many regions helped propel house prices higher
A sharp jump in gas prices led the increase
The treasury secretary pointed to low unemployment before the pandemic, which didn't lead to inflation
Central banks are expected to raise economic outlooks but stay patient on rates