December GDP could be less than expected, a CIBC economist warns
The 1.6% increase in retail sales in October beat estimates of 1%
Model forecast jumps on recent robust readings
High prices aren't deterring consumers from spending
Choppy data may prompt caution from the Bank of Canada
As the economy reopened, shoppers diverted some of their spending from goods to services
Retail sales fell much larger than Wall Street analysts had expected
Spending is expecting to shift to services from goods through the rest of the year
Credit and debit card spending fell sharply after the storm in Texas
Car and truck part dealers led the increase in retail sales