However, core retail sales came in higher than many economists expected
Early estimates for January point to a drop
Canadian consumers are struggling with higher rates, suggests one economist
Disruption to key global shipping lanes has varied credit impacts, DBRS says
The report suggested that shoppers will be able to keep fuelling economic growth this year
Despite inflation concerns and financial anxiety, holiday sales from November through Christmas Eve climbed 3.1%
The figures reflect a slowdown in consumers' willingness to spend after a blowout summer
Consumer confidence continues to be soured by rate hikes and inflation
Strong sales suggest the economy may not slow as much in the final three months of the year as previously expected
Households to curtail spending amid softer labour markets, easing wage growth