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Americans spent more on building, garden supplies; less at clothing stores

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However, the estimate for June points to a slowdown

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Statistics Canada also says early estimate for retail sales in May suggests a gain of 1.6% for the month

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Furniture sales drop 1%, while price increases account for 1.2% rise in food store sales

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New car sales dropped 5.9% but Canadians spent more on building materials and garden supplies

Inflation, growth of food sales, growth of market basket or consumer price index concept. Shopping basket with foods on arrow.

"The U.S. consumer now appears to be single-handedly keeping the global economy afloat," economist said

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February gains of 15.1% in clothing sales offset by 5.1% drop in auto sales: StatsCan

Inflation, growth of food sales, growth of market basket or consumer price index concept. Shopping basket with foods on arrow.

BMO expects a Fed rate hike of 50 bps in May as inflation cuts spending power

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StatsCan research found a threshold effect to curbs on activity

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Sales dropped in eight of 11 subsectors including furniture, down 11.3%